Establishes the position of the Hawaii Invasive Species Council Executive Director. Appropriates funds to the Department of Land and Natural Resources, rather than the Department of Agriculture and Biosecurity, for the HISC for fiscal year 2026-2027. Requires a report to the Legislature. Effective 7/1/2050. (SD1)
For taxable years beginning after 1/1/2027, establishes a nonrefundable income tax credit for certain agricultural investment costs incurred for agricultural activities conducted on Hawaiian home lands. Effective 7/1/2050. (SD1)
SB 2741 would gradually remove the state's general excise tax from locally produced food items, such as farm-fresh produce and meals prepared by local restaurants. The bill phases in this tax exemption over time, starting with certain food categories and expanding to others in subsequent years. This change directly affects local food producers (like farms and small eateries) and consumers purchasing these items, reducing their tax burden. The bill is currently in early stages (introduced January 23, 2026) and has not yet been voted on by the legislature.
Effective 1/1/2028, requires corporations to include in their income the income of all foreign subsidiaries to the State; applies the State's apportionment formula to determine the share of reported profits subject to the appropriate tax, which shall be deposited into the state general fund; and requires corporations to report all profits, losses, revenues, and inter-company transactions made and all taxes paid in other states. Establishes penalties for violations. Effective 7/1/2050. (SD1)
Establishes a nonrefundable individual income tax credit for a certain percentage of expenses paid to retrofit a residence with wind resistive devices or to purchase, install, or construct, a hurricane shelter on the taxpayer's property. Reduces the general excise tax rate on the gross proceeds or income from the sale of a concrete high-rise certified hurricane-resistant residential project or certain hurricane-resistant components of the project. Applies to taxable years beginning after 12/31/2026. Sunsets 12/31/2030. Effective 7/1/2050. (SD1)
Increases the Environmental Response, Energy, and Food Security Tax and the amount collected from the tax that is deposited into the Electric Vehicle Charging System Subaccount. Effective 7/1/2050. (SD1)
Requires the Department of the Prosecuting Attorney of the City and County of Honolulu to submit a report to the Legislature. Appropriates grant-in-aid moneys to the Department of the Prosecuting Attorney of the City and County of Honolulu for the Victim Witness Assistance Program. (SD1)
For taxable years beginning after 12/31/2026, applies the retail or higher general excise tax or use tax rate to purchases or imports of new motor vehicles by rental car companies. Appropriates funds to establish a position in the Department of Taxation. Effective 7/1/2050. (SD1)
SB 2097 creates the Climate-Resilient Food Systems Grant Program within the Department of Agriculture and Biosecurity, providing state funding to support sustainable food system initiatives. The program directly affects agricultural producers, food distributors, and community organizations working on climate-resilient farming and food access projects. Key provisions include the department administering the grants and allocating appropriated funds for projects that enhance sustainability and resilience in local food systems. This bill establishes a concrete funding mechanism to advance sustainable food infrastructure without specifying particular projects or outcomes.
Directs the Department of Agriculture and Biosecurity to conduct a study on insurance coverage for small agricultural producers. Requires a report to the Legislature. Appropriates funds. Effective 7/1/2050. (SD1)
