HRS §236D-2.5
Estate tax exclusion amount for Hawaii
This section says that when a person dies, their estate gets the same tax exclusion or exemption amounts that federal law allowed on December 31, 2009, before Hawaii estate tax applies. This includes a $3,500,000 exclusion amount, as adjusted by later law.
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The statute, as written — Taxation under chapter 236D; applicable exclusion amount
Notwithstanding any other law to the contrary, a decedent shall be entitled to all applicable exclusion or exemption amounts as determined under the Internal Revenue Code as of December 31, 2009, before being subject to any taxes imposed under this chapter, including up to a $3,500,000 applicable exclusion amount allowed by section 2010 of the Internal Revenue Code on December 31, 2009, as further adjusted by law.
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