Notwithstanding any other law to the contrary, a decedent shall be entitled to all applicable exclusion or exemption amounts as determined under the Internal Revenue Code as of December 31, 2009, before being subject to any taxes imposed under this chapter, including up to a $3,500,000 applicable exclusion amount allowed by section 2010 of the Internal Revenue Code on December 31, 2009, as further adjusted by law.
Haw. Rev. Stat. § 236D-2.5
Taxation under chapter 236D; applicable exclusion amount
Known as the Estate and Transfer Tax Reform Act
The act spans §§ 236D-1 to 236D-9 (22 sections).
L 2010, c 74, pt of §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.