Hawaii Senate Bill 1043

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-01-23 - Referred to HHS/LBT, WAM.
Pending: Senate Health and Human Services Committee
Text: Latest bill text (Introduced) [HTML]

Exempts the sale of groceries and nonprescription drugs from the general excise tax. Incrementally increases the general excise tax over four years, with the increased proceeds during certain fiscal years to be deposited into the general fund. Removes the state income tax on unemployment compensation benefits. Doubles the standard deduction for individuals earning less than $100,000 and joint returns earning less than $200,000. Repeals the incremental increases on standard income tax deduction amounts. Increases the minimum income threshold and exemption amount for the low-income household renters' income tax credit. Removes the tax liability for the first $100,000 of individual income earned. Establishes the Maui Recovery Special Fund to be used for recovery programs related to the 2023 Maui wildfires. Appropriates funds. Applies to taxable years beginning after 12/31/2024.

Relating To Taxation.

Sen. Jarrett Keohokalole [D]

Sen. Henry Aquino [D]

Rep. Lynn Decoite [D]

Sen. Glenn Wakai [D]

Date	Chamber	Action
2025-01-23	Senate	Referred to HHS/LBT, WAM.
2025-01-21	Senate	Passed First Reading.
2025-01-17	Senate	Introduced.

HB959 (Same As) 2025-01-23 - Referred to ECD, FIN, referral sheet 3

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1043&year=2025
Text	https://www.capitol.hawaii.gov/sessions/session2025/bills/SB1043_.HTM