Hawaii ~ Corporate, Personal Income Taxes: Legislature Passes IRC Conformity Bill

CCH Tax Day Report

The Hawaii Legislature has passed a bill that, if approved by the governor, would generally conform Hawaii corporate and personal income tax laws to the Internal Revenue Code (IRC) as amended as of December 31, 2016, for taxable years beginning after December 31, 2016. Currently, Hawaii generally conforms to the IRC as amended as of December 31, 2015, for taxable years beginning after December 31, 2015.

S.B. 1002, as passed by the Hawaii House of Representatives on April 7, 2017, and the Hawaii Senate on April 28, 2017

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