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Hawaii Bill to Conform State Taxes to IRC for OZ Investments in State Goes to Governor

Monday, April 22, 2019 - 11:00AM

A bill to conform Hawaii to the Internal Revenue Code for investments in federal opportunity zones (OZs) in the state has been sent to Gov. David Ige. S.B. 1130 would be effective for taxable years beginning Jan. 1, 2019, and the OZ provisions would apply only to investments in Hawaii’s OZs. Ige has until Sunday to veto the bill. If he signs it or takes no action, it becomes law.

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