HOUSE OF REPRESENTATIVES	H.B. NO.	2505
THIRTIETH LEGISLATURE, 2020
STATE OF HAWAII

A BILL FOR AN ACT

relating to taxation.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. (a) The director of taxation shall convene a task force to identify areas of the state income tax law that should be amended in order to ensure that persons on fixed incomes that consist of pension income, public retirement benefits, or disability benefits are not subject to any income tax liability for those sources of fixed income.

(b) The director of taxation shall submit a report of its findings and conclusions, including any proposed legislation, to the legislature no less than twenty days prior to the convening of the regular session of 2021.

SECTION 2. This Act shall take effect upon its approval.

INTRODUCED BY:

_____________________________

Report Title:

Taxation; Task Force; Fixed Income; Tax Liability

Description:

Requires the Director of Taxation to convene a task force to examine the income tax law to ensure that pension income is excluded from taxation.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.