RELATING TO GENERAL EXCISE TAX EXEMPTIONS.
HB 180 modifies Hawaii's General Excise Tax exemptions, potentially affecting state revenue and which businesses receive preferential tax treatment.
HB 180 modifies Hawaii's General Excise Tax exemptions, potentially affecting state revenue and which businesses receive preferential tax treatment.
HB 180 proposes modifications to Hawaii's General Excise Tax (GET) exemptions, though the specific exemptions targeted are not detailed in the bill summary provided. The measure was introduced in January 2025 and carried over to the 2026 legislative session for further consideration. It has been referred to three House committees: Health and Social Services (HSH), Economic and Community Development (ECD), and Finance (FIN).
The General Excise Tax is Hawaii's primary revenue source, applying broadly to most business transactions at rates between 0.5% and 4.712%. Changes to exemptions directly affect state revenue, business operating costs, and which economic sectors receive preferential tax treatment. This bill's passage or failure could reshape the tax burden across Hawaii's economy and impact the state budget.
Compiled from official sources — confirm details with the bill’s official record.
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