Bill Text: HI HB1700 | 2024 | Regular Session | Introduced


Bill Title: Relating To Income Tax.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Introduced - Dead) 2024-01-24 - Referred to FIN, referral sheet 1 [HB1700 Detail]

Download: Hawaii-2024-HB1700-Introduced.html

HOUSE OF REPRESENTATIVES

H.B. NO.

1700

THIRTY-SECOND LEGISLATURE, 2024

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

Relating to income TAX.

 

 

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

 


     SECTION 1.  The legislature finds that, according to the nonpartisan, nonprofit Tax Foundation, economies grow as the income tax burden is reduced.  Further, there are nine states in the nation which do not impose a state income tax.  The purpose of this Act is to eliminate the income tax burden on Hawaii's workers to allow for economic prosperity.

     SECTION 2.  Chapter 235, part III, Hawaii Revised Statutes, is repealed.

     SECTION 3.  This Act, upon its approval, shall apply to taxable years beginning after December 31, 2024.

 

INTRODUCED BY:

_____________________________

 

 



 

Report Title:

Minority Caucus Package; Taxation; Income Tax

 

Description:

Eliminates state income tax.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.

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