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HOUSE OF REPRESENTATIVES |
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THIRTY-SECOND LEGISLATURE, 2023 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
Relating to the repeal of inheritance and Estate tax.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The Hawaii state legislature finds that paying inheritance and estate taxes is a form of double taxation, as the money was initially taxed in the hands of the recipient. The purpose of this act is to repeal the inheritance and estate tax of the state of Hawaii.
SECTION 2. Chapter 236D, Hawaii Revised Statutes, is repealed.
SECTION 3. Chapter 236E, Hawaii Revised Statutes, is repealed.
SECTION 4. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2023.
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INTRODUCED BY: |
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Report Title:
Inheritance and Estate Tax Repeal, DoTax
Description:
Repeals Chapters 236D and 236E inheritance and estate tax.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.