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The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service ...
This allows a minor in the United States to have property set aside for the minor's benefit and may achieve some income tax benefit for the child's parents. Once the child reaches the age of maturity (18 or 21 depending on the state), the assets become the property of the child and the child can use them for any purpose.
A constitutional amendment requiring candidates for the state legislature hold residency in Hawaii before filing to run for office [23] Passed [24] 42,506 (84.40%) 4,604 (9.10%) Question 2 A constitutional amendment allowing the state to issue bonds for the purpose of assisting non-profit private educational institutions [25] Passed [24] 28,379 ...
"The AARP Foundation Tax-Aide program and AARP Hawai`i are proud to continue our work to provide Hawai`i residents with free tax assistance next year." ‘Make a meaningful difference,’ Hawaii ...
If your teen held a job or worked a side gig as a 1099 contractor last year, they may have to file federal and state income tax returns by April 18, 2023. As a parent, you might be wondering if ...
Criminal Justice Division — performs prosecutorial functions on behalf of the State in areas such as welfare fraud, tax fraud, unemployment fraud, unauthorized practice of law, public corruption, internet crimes against children, high technology crimes, Medicaid fraud and elder abuse, violations of state tobacco laws, drug nuisance ...
Hawaii Gov. Josh Green on Monday proposed investing $1 billion in affordable housing and giving tax breaks to people of all income levels to lower the cost of living in the islands.
The Hawaii State Legislature (Hawaiian: Ka ‘Aha‘ōlelo kau kānāwai o ka Moku‘āina o Hawai‘i) is the bicameral state legislature of the U.S. state of Hawaii, consisting of the Hawaii State Senate (upper house with 25 senators) and the Hawaii State House of Representatives (lower house with 51 representatives). Each lawmaker represents ...