HOUSE OF REPRESENTATIVES

H.B. NO.

2505

THIRTIETH LEGISLATURE, 2020

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to taxation.

 

 

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

 


     SECTION 1.  (a)  The director of taxation shall convene a task force to identify areas of the state income tax law that should be amended in order to ensure that persons on fixed incomes that consist of pension income, public retirement benefits, or disability benefits are not subject to any income tax liability for those sources of fixed income.

     (b)  The director of taxation shall submit a report of its findings and conclusions, including any proposed legislation, to the legislature no less than twenty days prior to the convening of the regular session of 2021.

     SECTION 2.  This Act shall take effect upon its approval.

 

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

Taxation; Task Force; Fixed Income; Tax Liability

 

Description:

Requires the Director of Taxation to convene a task force to examine the income tax law to ensure that pension income is excluded from taxation.

 

 

 

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