§236E-8 Tax imposed; credit for tax paid other state. (a) This section shall apply to a decedent who, at the time of death was:
(b) With respect to the estates of decedents dying after January 25, 2012, the tax based on the Hawaii net taxable estate shall be as provided in the following schedule:
If the Hawaii net taxable
estate is: The tax shall be:
$1,000,000 or less 10.0% of the Hawaii net
taxable estate
Over $1,000,000 but $100,000 plus 11.0% of the
not over $2,000,000 amount by which the Hawaii
net taxable estate
exceeds $1,000,000
Over $2,000,000 but $210,000 plus 12% of the
not over $3,000,000 amount by which the Hawaii
net taxable estate
exceeds $2,000,000
Over $3,000,000 but $330,000 plus 13% of the
not over $4,000,000 amount by which the Hawaii
net taxable estate
exceeds $3,000,000
Over $4,000,000 but $460,000 plus 14% of the
not over $5,000,000 amount by which the Hawaii
net taxable estate
exceeds $4,000,000
Over $5,000,000 but $600,000 plus 15.7% of the
not over $10,000,000 amount by which the Hawaii
net taxable estate
exceeds $5,000,000
Over $10,000,000 $1,385,000 plus 20% of the
amount by which the Hawaii
net taxable estate
exceeds $10,000,000.
(c) If any property of a resident is subject to a death tax imposed by another state and if the tax imposed by the other state is not qualified by a reciprocal provision allowing the property to be taxed in the state of the decedent's domicile, the amount of the tax due under this section shall be credited with the lesser of:
(d) Except as otherwise expressly provided, for purposes of this chapter, the gross value of transferred property shall be its value as finally determined for purposes of the federal transfer tax. [L 2012, c 220, pt of §1; am L 2017, c 156, §1; am L 2018, c 27, §9; am L 2019, c 3, §1]