HRS §39A-124
Special purpose revenue bonds are tax-free in Hawaii
This section says that special purpose revenue bonds issued under this part, and the income from them, are not taxed by the state or county. The only taxes that still apply are inheritance, transfer, and estate taxes.
financial institutions
The statute, as written — ‑124 Special purpose revenue bonds exempt from taxation
Special purpose revenue bonds and the income therefrom issued pursuant to this part shall be exempt from all state and county taxation except inheritance, transfer, and estate taxes.
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