Bill Text: HI HB1978 | 2016 | Regular Session | Introduced

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Bill Title: Inheritance and estate taxation

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2016-01-27 - Referred to FIN, referral sheet 2 [HB1978 Detail]

Download: Hawaii-2016-HB1978-Introduced.html

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HOUSE OF REPRESENTATIVES	H.B. NO.	1978
TWENTY-EIGHTH LEGISLATURE, 2016
STATE OF HAWAII

A BILL FOR AN ACT

 

 

relating to repeal of the inheritance and estate tax.

 

 

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

 

     SECTION 1. The purpose of this bill is to repeal the excessive taxation imposed on the transfer of property upon death. The legislature believes that estate and inheritance taxes are an unjust form of double taxation. 

     SECTION 2.  Section 235D, Hawaii Revised Statutes, is repealed.

     SECTION 3.  Chapter 235E, Hawaii Revised Statutes, is repealed.

     SECTION 4.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 5. This Act shall take effect on July 1, 2017.

 

INTRODUCED BY:	_____________________________
	_____________________________

 

 

Report Title:

Inheritance and estate taxation

 

 

Description:

A bill to repeal inheritance and estate taxes that act as a form of double taxation on individual tax payers.

 

 

 

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