Hawaii State Death Tax Calculation Chart
Step 1: Determine Taxable Estate (from federal form 706, Part 2, Line 3) (However, use $3.5M as exemption)*
Step 2: Determine Adjusted Taxable Estate (Subtract $60,000 from Taxable Estate in Step 1)
Step 3: Find Adjusted Taxable Estate on Chart Below and calculate tentative tax
| (A) Adjusted Taxable estate, equal to or more than… | (B) and, Adjusted Taxable estate, less than… | (C) Base Tax on amount in column (A) | (D) Rate of Tax on excess over amount in column (A) (%) |
| $ 0 | $ 40,000 | $ 0 | 0.0 |
| $ 40,000 | $ 90,000 | $ 0 | 0.8 |
| $ 90,000 | $ 140,000 | $ 400 | 1.6 |
| $ 140,000 | $ 240,000 | $ 1,200 | 2.4 |
| $ 240,000 | $ 440,000 | $ 3,600 | 3.2 |
| $ 440,000 | $ 640,000 | $ 10,000 | 4.0 |
| $ 640,000 | $ 840,000 | $ 18,000 | 4.8 |
| $ 840,000 | $ 1,040,000 | $ 27,600 | 5.6 |
| $ 1,040,000 | $ 1,540,000 | $ 38,800 | 6.4 |
| $ 1,540,000 | $ 2,040,000 | $ 70,800 | 7.2 |
| $ 2,040,000 | $ 2,540,000 | $ 106,800 | 8.0 |
| $ 2,540,000 | $ 3,040,000 | $ 146,800 | 8.8 |
| $ 3,040,000 | $ 3,540,000 | $ 190,800 | 9.6 |
| $ 3,540,000 | $ 4,040,000 | $ 238,800 | 10.4 |
| $ 4,040,000 | $ 5,040,000 | $ 290,800 | 11.2 |
| $ 5,040,000 | $ 6,040,000 | $ 402,800 | 12.0 |
| $ 6,040,000 | $ 7,040,000 | $ 522,800 | 12.8 |
| $ 7,040,000 | $ 8,040,000 | $ 650,800 | 13.6 |
| $ 8,040,000 | $ 9,040,000 | $ 786,800 | 14.4 |
| $ 9,040,000 | $ 10,040,000 | $ 930,800 | 15.2 |
| $ 10,040,000 | . . . . . . . . | $ 1,082,800 | 16.0 |
2010 Okura & Associates
* The State of Hawaii says the exemption is $3.5 million, but the law is ambiguous and it may be arguable that the state exemption should be $5 million during the period of time in which the federal estate tax exemption (“basic exclusion amount”) is $5 million.