Amends the definition of Hawaii taxable estate to provide that the marital deduction under section 2056 of the Internal Revenue Code shall apply to the passage of any interest in property to any immediate family member. Amends the state generation-skipping transfer tax law to provide that a transfer to any immediate family member shall not be considered a distribution to a skip person, as defined in section 2613 of the Internal Revenue Code. Effective 7/1/3000. (HD1)

Statutes affected:
SB3289: 236E-2, 236E-7
SB3289 SD1: 236E-2, 236E-7, 236E-17
SB3289 HD1: 236E-2, 236E-7, 236E-17
Latest: 236E-2, 236E-7