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HI HB937
Bill
Status
1/23/2025
Primary Sponsor
Greggor Ilagan
Click for details
AI Summary
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Exempts Restaurant Revitalization Fund (RRF) grants received under the American Rescue Plan Act of 2021 from Hawaii's general excise tax
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Requires refunds of any state general excise tax already paid by eligible food and beverage businesses on RRF grants
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Applies retroactively to taxable years beginning after March 11, 2021
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Aligns RRF grant treatment with existing exemptions for Paycheck Protection Program (PPP) forgiven loans and Economic Injury Disaster Loan (EIDL) grants under the CARES Act
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Addresses the Department of Taxation's 2024 announcement that RRF grants were not covered by the existing COVID-19 relief exemptions
Legislative Description
Relating To The General Excise Tax.
General Excise Tax
Last Action
Carried over to 2026 Regular Session.
12/8/2025