| Kind of Tax Brief Description |
Reports and Taxes Due |
| Individual Income Tax |
Individual income tax rates vary from 2% for the first $1,500 to a maximum 10% for taxable income over $20,500.
Capital gains are taxed at a maximum 7.25%. |
20th day of 4th month after close of taxable year.
Withholding returns due on or before 15th day of following month. Employers with tax liabilities exceeding $100,000 a year, on or before the 10th day of the following month. Estimates of income due on 20th of April, June, September and January. |
| Corporation Income Tax |
| Net income of corporations, 4.4% if taxable income not over $25,000; 5,4% if over $25,000 but not over $100,000; and 6.4% on all over $100,000. The tax imposed on capital gains is 4%. Deductions, in general, conform to the Internal Revenue Code: federal taxes are not deductible. |
On 20th day of 4th month after end of taxable year. Income estimates due 20th of September and January. |
| General Excise (Gross Income) Tax (GET) |
| On gross income,. gross receipts or gross proceeds of all business activities: 0.5% on wholesaling, intermediary services, manufacturing, producing, canning, and blind, deaf or totally disable persons; 0.15% on insurance solicitors; 4% on retail sales of goods, services, and other activities. Exemptions for goods manufactured for export and certain services; refundable tax credit for GET paid on depreciable tangible personal property. |
Monthly by end of following month. May elect to file quarterly or semi-annually under certain conditions. Annual summary and reconciliation return due the 20th day of the 4th month following the tax year. |
| Use Tax |
| On tangible personal property imported or purchased without payment of the GET. Rates are 0.5% on goods imported for resale at retail; 4% on all other imports. Refundable income tax credit for use tax paid on depreciable tangible personal property |
Monthly by end of following month. May elect to file quarterly or semi-annually under certain conditions. Annual summary and reconciliation return due the 20th day of the 4th month following the tax year. |
| Banks and Other Financial Corporations Tax |
| On net income, as defined, at 7.92% on banks, building and loan associations, financial services loan companies, and other financial corporations. Federal income taxes upon income from sources in the state are deductible. |
Monthly by end of following month. May elect to file quarterly or semi-annually under certain conditions. Annual summary and reconciliation return by 20th day of 4th month following the tax year. |
| Rental Motor Vehicle and Tour Vehicle Surcharge Tax |
| Surcharge tax of $2 a day that a rental motor vehicle is rented or leased. Tax levied on lessor. Tour vehicle surcharge of $65 per month for each vehicle in the 25 passenger seat and over category and $15 per month for each vehicle in the 8 to 25 passenger seat category. Tax levied on tour vehicle operator. One-time $20 registration fee. |
Monthly, by the end of the following month. May elect to file quarterly or semi-annually under certain conditions. Annual summary return due the 20th day of the 4th month following the tax year. |
| Conveyance Tax |
| On actual and full consideration paid for transfer of realty, including leases and subleases, tax of 10 cents per $100 of sales value. Minimum tax on each transaction is $1. Certain exemptions allowed. |
Not later than 90 days after the taxable transaction. |
| Real Property Tax |
| On real property, land and improvements. Assessments at 100% of "fair market value." Maximum exemption for owner-occupied homes is $40,000, with multiple exemptions allowed for those over 55. Various rates for land, improvements, and classes of property. Fiscal year 1997 commercial rates per $1,000 net assessed value are: Hawaii, $8.50 (building), $10.00 (land); Honolulu, $8.51; Kauai, $7.59 (building), $7.99 (land); Maui, $6.50. |
Semi-annual payments. Honolulu: assessment notices to taxpayer by December 15; appeals filed by January 9; tax base certified by February 1; May 30 last day to amend rates. All other counties: assessment notices to taxpayer by March 15; appeals filed by April 9; tax base certified by April 19; June 20 last day to amend rates. |
| Motor Vehicle Weight Tax |
On vehicle weight as follows:
Hawaii commercial vehicles: 1 cent per pound; passenger vehicles: 0.5 to 1.0 cent per pound; $6 minimum on motor vehicles.
Honolulu commercial vehicles: 2 cents per pound; passenger vehicles: 1.25 cents per pound; $12 minimum on motor vehicles
Kauai commercial vehicles: 2 cents per pound; passenger vehicles: 0.75 cent per pound; $12 minimum.
Maui commercial vehicles: 1.5 cents per pound; passenger vehicles: 0.75 cent per pound; $6 minimum on motor vehicles.
In addition to county taxes, state tax of 0.75 cents per pound to 1.25 cents per pound; $3 minimum. Flat rate of $150 for vehicles weighing more than 10,000 pounds. |
Annually upon registration renewal. |
| Note: As in other states, all Federal taxes are applicable in Hawaii. |
