July 25, 2022, 5:00 AM
The Hawaii Department of Taxation July 21 issued information on various individual income, corporate income, trust income, sales and use, excise, and estate tax law changes passed in the 2022 regular legislative session. The changes include: 1] conforming the state income, estate, and generation-skipping transfer tax laws to the Internal Revenue Code; 2] exempting general excise taxpayers with liability under $100 from filing requirements, effective June 27; 3] repealing and eliminating the deferred payment purchase option for cigarette tax stamps, effective Jan. 1, 2023; 4] removing the authority of the county liquor commissions to enforce the liquor tax law and …
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