Hawaii Revised Statutes 257-9 – Tax exemption
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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.