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.
Haw. Rev. Stat. § 46-75
Improvement bonds exempt from taxation
L 1963, c 128, §1; Supp, §138-71; HRS §46-75
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.