Hawaii DoTax Issues Outline of State Income, Estate, Excise, Sales Tax System

The Hawaii Department of Taxation Nov. 17 issued an outline of the Hawaii tax system as of July 1, for individual income, trust income, corporate income, sales and use, excise, and estate tax purposes. The outline enumerates tax types and legal references, measures and rates of tax, reports that must be filed, and when the taxes must be paid. Taxes in the outline include: 1) estate and generation-skipping transfer tax; 2) general excise tax; 3) transient accommodations tax; 4) use and public service company tax; and 5) taxes for banks, building and loan, financial services loan companies, and other financial ...