HRS §206M-12
Special purpose revenue bonds are tax-free in Hawaii
This section says that special purpose revenue bonds issued under this chapter, and the income from them, are not subject to Hawaii state taxes. The only exceptions are inheritance, transfer, and estate taxes.
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The statute, as written — Special purpose revenue bonds exempt from taxation
Special purpose revenue bonds and the income therefrom issued pursuant to this chapter shall be exempt from all state taxation, except inheritance, transfer, and estate taxes.
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