RELATING TO TAXATION.

SB 2920 amends and repeals specific exemptions within Hawaii's general excise tax and use tax laws. This change directly affects businesses and individuals currently benefiting from those repealed or modified exemptions. The bill alters which goods or services qualify for tax relief under these laws. It does not create new tax rates or broaden existing exemptions, but rather modifies the scope of existing exemptions. The bill is currently in early committee review following its introduction on January 23, 2026.