Under House Bill 1495, which was signed into law by Governor Lingle, gamblers will no longer be able to offset their winnings with their losses for Hawai'i state income tax purposes. Previously, gamblers would be taxed only on their net winnings, but now they will be taxed on gross winnings.
Read the Honolulu Advertiser article here.
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Contact:
- Hawaii Credit Union League
- Stefanie Sakamoto
Legislative Officer
(808) 203-6409
ssakamoto@hcul.org