HI HB959

Exempts groceries (SNAP-eligible products) and nonprescription drugs from Hawaii's general excise tax

Incrementally increases the general excise tax rate from 4% to 6% over four years (2026-2029), with additional revenues deposited into the general fund through December 31, 2028

Eliminates state income tax on the first $100,000 of individual income (effective for taxable years beginning after December 31, 2025) and exempts unemployment compensation benefits from state income tax

Doubles standard deductions for lower-income filers: individuals earning under $100,000 and joint filers earning under $200,000 receive double the standard deduction amounts

Establishes the Maui Recovery Special Fund to support recovery programs, capital improvement projects, and assistance for those impacted by the 2023 Maui wildfires that killed 102 people and destroyed over 2,200 structures