HRS §46-75

County improvement bonds are tax-free

Read the official text at capitol.hawaii.gov ↗

Bonds that counties issue to pay for improvements, plus the interest they earn, are free from state, county, and city taxes. The only taxes that still apply are inheritance, transfer, and estate taxes.

counties

The statute, as written — Improvement bonds exempt from taxation

A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.

All bonds issued by any of the counties of the State for improvements by assessments, and the interest thereon, shall be exempt from all state, county, and municipal taxation, except inheritance, transfer, and estate taxes.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.