BILL NUMBER: SB 2821; HB 2394 (Identical)
INTRODUCED BY: SB by KOUCHI by request; HB by SAIKI by request
EXECUTIVE SUMMARY: Conforms the Hawaii income tax and estate and generation-skipping transfer taxes to federal changes adopted through December 31, 2017. In view of the extensive changes wrought by the Tax Cuts and Jobs Act of 2017 and what will probably be substantial amendments requested by the Department of Taxation, we suggest treating the current bill the same as a short form bill and recommitting it for the purpose of taking input on a proposed committee draft.