Bill > SB2590

This bill exempts grants received by eligible businesses from the federal Restaurant Revitalization Fund, established under the American Rescue Plan Act of 2021, from the state's general excise tax, which is a tax on the gross income of businesses. The bill also mandates that the Department of Taxation must inform all eligible taxpayers that they can receive refunds for any state general excise tax they already paid on these grants, and these taxpayers will have six months from the notification date to file their refund claims, with the state required to refund any general excise taxes previously paid on these grants. This provision applies retroactively to March 11, 2021, meaning it covers grants received from that date forward.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2590&year=2026