Bill > SB82

This bill modifies Hawaii's state income tax laws to align with specific provisions of the American Rescue Plan Act (Public Law 117-2), specifically updating how certain federal pandemic-related financial assistance is treated for tax purposes. The bill amends Section 235-2.3 of Hawaii Revised Statutes to incorporate tax treatment of restaurant revitalization grants by adding "(2)" to an existing reference to section 9673(1) of Public Law 117-2, which means that grants received by restaurants during the COVID-19 pandemic will be handled consistently with federal tax guidelines. The bill will apply retroactively to taxable years beginning after December 31, 2024, ensuring that Hawaii's tax code remains synchronized with federal pandemic relief tax provisions. By making these changes, the bill helps ensure that restaurant owners who received pandemic-related financial assistance will have consistent tax treatment at both the federal and state levels, potentially providing financial relief and clarity for businesses that were economically impacted during the pandemic.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=82&year=2026