THE SENATE S.B. NO. 1240 THIRTY-FIRST LEGISLATURE, 2021 S.D. 1 STATE OF HAWAII H.D. 1 A BILL FOR AN ACT RELATING TO TAX CONFORMITY. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII: THE SENATE S.B. NO. 1240 THIRTY-FIRST LEGISLATURE, 2021 S.D. 1 STATE OF HAWAII H.D. 1 THE SENATE S.B. NO. 1240 THIRTY-FIRST LEGISLATURE, 2021 S.D. 1 STATE OF HAWAII H.D. 1 A BILL FOR AN ACT RELATING TO TAX CONFORMITY. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII: SECTION 1. The State shall conform to those provisions of the Consolidated Appropriations Act, 2021, Public Law 116-260, relating to taxable income and deductible expenses. SECTION 2. This Act shall take effect on January 1, 2050. SECTION 1. The State shall conform to those provisions of the Consolidated Appropriations Act, 2021, Public Law 116-260, relating to taxable income and deductible expenses. SECTION 2. This Act shall take effect on January 1, 2050. Report Title: Income Tax Law; Conformity; Federal Consolidated Appropriations Act Description: Requires the State to conform to those provisions of the Consolidated Appropriations Act, 2021, relating to taxable income and deductible expenses. Effective 1/1/2050. (HD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent. Report Title: Income Tax Law; Conformity; Federal Consolidated Appropriations Act Description: Requires the State to conform to those provisions of the Consolidated Appropriations Act, 2021, relating to taxable income and deductible expenses. Effective 1/1/2050. (HD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.