SB 56 Hawaii Senate · 2022 Regular Session

RELATING TO REVENUE GENERATION.

Summary

Increases the personal income tax rate for high earners for taxable years beginning after 12/31/2020. Increases the tax on capital gains. Increases the corporate income tax and establishes a single corporate income tax rate. From 7/1/2021 through 6/30/2023, temporarily repeals certain general excise tax exemptions. Increases conveyance taxes for the sale of properties valued at $4,000,000 or greater. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2021

Committee Review

Mar 2021

Senate Passage

Mar 2021

House Passage

Governor

Introduced Jan 21, 2021 Last action Dec 10, 2021

Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 11, 2021

House · Referred to committee

Referred to ECD, HSG, CPC, FIN, referral sheet 22

Mar 9, 2021

House · Introduced

Received from Senate (Sen. Com. No. 146) in amended form (SD 1).

Mar 9, 2021

Senate · Passed

Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: Senator(s) Ihara. Noes, 1 (Senator(s) Riviere). Excused, 0 (none). Transmitted to House.

Mar 4, 2021

Senate · Reported by committee

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, English, Inouye, Kanuha, Kidani, Moriwaki, Shimabukuro, Taniguchi, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

Mar 4, 2021

Senate · Reported by committee

The committee(s) on WAM deferred the measure until 03-04-21 1:51PM; CR 211 & Videoconference.

Mar 2, 2021

Senate · Reported by committee

The committee(s) on WAM deferred the measure until 03-04-21 10:05AM; CR 211 & Videoconference.

Feb 26, 2021

Senate · Reported by committee

The committee(s) on WAM has scheduled a public hearing on 03-02-21 9:25AM; CR 211 & Videoconference.

Jan 22, 2021

Senate · Referred to committee

Referred to WAM.

Jan 21, 2021

Senate · Introduced

Introduced.

1 primary · 0 co-sponsors