HB 476 Hawaii House · 2025 Regular Session

RELATING TO CAPITAL GAINS TAX.

Summary

Amends the capital gains tax rate for individuals, estates, and trusts. Amends the alternative capital gains tax for corporations. Effective 7/1/2050. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

House Passage

Mar 2025

Senate Passage

Governor

Introduced Jan 17, 2025 Last action Apr 4, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

HB476_HD2 → HB476_SD1 · 3 edits

MINOR

This bill version (SD1) is a technical revision of the earlier version (HD2) that standardizes formatting and metadata while keeping the core tax provisions identical. The substantive policy content regarding capital gains tax rates for individuals and alternative tax for corporations remains unchanged between the two versions.

Scope change

No substantive change in scope or applicability; the bill continues to apply to individuals, estates, trusts, corporations, regulated investment companies, and real estate investment trusts for taxable years beginning after December 31, 2024.

TECHNICAL

Changed effective date from July 1, 3000 to July 1, 2050, and updated applicability to taxable years beginning after December 31, 2024.

Added metadata fields including author names, timestamps, and revision numbers that were present in the SD1 version but not in the HD2 version.

Standardized formatting of section headers and bill numbering from HD2 to SD1 format.

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 4, 2025

Committee

Recommitted to WAM.

upper

Apr 1, 2025

Upper · Passed

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, Moriwaki, Aquino, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Lee, C., Fevella; Aye(s) with reservations: Senator(s) Kim ; 0 No(es): none; and 2 Excused: Senator(s) DeCoite, Wakai.

upper

Mar 25, 2025

Upper · Passed

The committee(s) on WAM has scheduled a public hearing on 03-28-25 10:00AM; Conference Room 211 & Videoconference.

upper

Mar 6, 2025

Committee

Referred to WAM.

upper

Mar 6, 2025

Introduced

Received from House (Hse. Com. No. 246).

upper

Mar 4, 2025

Lower · Passed

Passed Third Reading as amended in HD 2 with Representative(s) Kila, Lamosao, Miyake voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Kong, Matsumoto, Muraoka, Reyes Oda, Shimizu, Souza voting no (9) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate.

lower

Feb 24, 2025

Lower · Passed

The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Kitagawa, Kusch, Lee, M., Morikawa, Templo; Ayes with reservations: Representative(s) Keohokapu-Lee Loy, Lamosao, Miyake; 2 Noes: Representative(s) Alcos, Reyes Oda; and 1 Excused: Representative(s) Ward.

lower

Feb 12, 2025

Committee

Reported from ECD (Stand. Com. Rep. No. 498) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Jan 29, 2025

Lower · Passed

The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Todd; Ayes with reservations: Representative(s) Matsumoto; Noes: none; and Excused: none.

lower

Jan 21, 2025

Committee

Referred to ECD, FIN, referral sheet 2

lower

Jan 21, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 17, 2025

Introduced

Pending introduction.

lower

4 primary · 0 co-sponsors