Terms Used In Hawaii Revised Statutes 257-9

  • Individual development account: means an optional, interest bearing, subsidized, tax-benefitted account used exclusively for the purpose of paying the qualified expenditure of an eligible individual as determined by the fiduciary organization. See Hawaii Revised Statutes 257-1

All moneys contributed into an individual development account, including state and private matches, individual savings, and interest earned, shall be exempt from taxation.