Plain English Breakdown
The official source does not provide details on the economic impacts or how to replace lost revenue, leaving these points as limits and unknowns.
Bill to End State Individual Income Tax
This bill aims to eliminate the state individual income tax in Hawaii.
What This Bill Does
- Eliminates the state's individual income tax for all workers.
Who It Names or Affects
- All individuals who pay state income tax in Hawaii.
Terms To Know
- Income Tax
- A tax on the earnings of individuals or businesses.
Limits and Unknowns
- The bill does not specify how to replace lost government revenue from income taxes.
- It is unclear what economic impacts this change might have in Hawaii.