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Bill

SB 2741

RELATING TO THE GENERAL EXCISE TAX.

2026 Regular Session Introduced by Troy Hashimoto and 2 co-sponsors

Hawaii bill modifying General Excise Tax awaits committee review; specific rate or exemption changes will impact state revenue and consumer costs significantly.

Referred to AEN, WAM.
#exemption #get #locallyproducedfood
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Bill Summary · SB 2741

Legislative bill overview

SB 2741 relates to modifications of Hawaii's General Excise Tax (GET), a broad-based sales tax applied to most goods and services in the state. The bill was recently introduced and is currently in committee review. Specific provisions are not detailed in the available action history, so the exact nature of the proposed changes remains unclear from this summary alone.

Why is this important

Hawaii's General Excise Tax is a major revenue source for state government and directly affects prices consumers pay for goods and services. Any modifications to GET rates, exemptions, or application rules can have significant impacts on household budgets, business operations, and state funding for public services. The tax's broad base makes it economically consequential for both individual taxpayers and the overall state economy.

Potential points of contention

  • Revenue vs. affordability trade-offs: Changes to GET could either reduce state revenues needed for services or increase costs for residents already facing high cost-of-living pressures in Hawaii
  • Business impact disparities: Different industries and business sizes may be affected unevenly depending on which exemptions or rates are modified
  • Regressivity concerns: As a consumption-based tax, GET changes may disproportionately affect lower-income households who spend larger portions of income on taxable goods and services

Compiled from official sources — confirm details with the bill’s official record.

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