DEPARTMENT OF TAXATION ANNOUNCEMENT NO. 2001-13
June 14, 2001
Act 199 conforms the Hawaii income tax law with the amendments to the operative sections of the Internal Revenue Code (IRC) of 1986, as amended. Act 199 complies with section 235-2.5(c), Hawaii Revised Statutes (HRS), that directs the Department of Taxation to submit to each regular session of the Legislature, a bill to conform to Subtitle A, Chapter 1 of the IRC, as it applies to the determination of gross income, adjusted gross income, ordinary income and loss, and taxable income.
Adoption of the IRC amendments assures continued State conformity with federal income tax law and minimizes taxpayers' burdens in complying with Hawaii's income tax law. The federal effective date for the operative IRC sections is adopted unless otherwise provided.
Among other things, Act 199 conforms to the:
Current forms and other tax information are available at the Department's
website at: www.hawaii.gov/tax. On Oahu, forms may be ordered
by calling the Department's Forms Request Line at: 587-7572.
Persons who are not calling from Oahu, may call: 1-800-222-7572 (toll-free)
to receive forms by mail or by fax.
MARIE Y. OKAMURA
Director of Taxation
HRS Section Explained: HRS
Sections 235-2.3, 235-2.5, 235-2.45, 235-7.5, 235-51(d), and 235-61(g).
AN ON-LINE COPY OF THE ACT (S.B. No. 854, SD1, HD1) ON THE CAPITOL WEBSITE
For official copies of acts, please contact:
Office of the Lieutenant Governor, State Capitol, 5th Floor, Honolulu 96813.
Phone: 586-0255, Monday - Friday, 7:45 am - 4:30 pm