HRS §201B-12
Tax exemption for the authority's project income and property
This section says the authority does not have to pay state taxes on money it gets from projects or related agreements, and its property interests in projects are also tax-free. But other people or users involved in the project are not exempt from taxes beyond what they would pay if they financed the project themselves.
contractorsdevelopersstate agencies
The statute, as written — Exemption of authority from taxation
All revenues and receipts derived by the authority from any project or a project agreement or other agreement pertaining thereto shall be exempt from all state taxation. Any right, title, and interest of the authority in any project shall also be exempt from all state taxation. Except as otherwise provided by law, the interest of a qualified person or other user of a project or a project agreement or other agreements related to a project shall not be exempt from taxation to a greater extent than it would be if the costs of the project were directly financed by the qualified person or user.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.