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Hawaii Will Not Tax Federal Pandemic-Related Aid

By Jaqueline McCool · 2020-10-06 15:43:45 -0400

Hawaii will not subject federal coronavirus aid or pandemic-related small-business loans to state income tax, the state Department of Taxation said Tuesday.

A tax information release said that while Coronavirus Aid, Relief and Economic Security Act payments and the act's Paycheck Protection Program loans are not included in gross income, federal unemployment benefits would incur state income tax.

--Editing by Robert Rudinger.

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