Budget & Taxes (Business Taxes)

in committee · Hawaii · House Feb 11, 2026

HB 1843: RELATING TO TAX CREDITS.

Requires that income tax credits existing on 12/31/2026 include a sunset on 12/31/2030. Requires that income tax credits established or renewed after 12/31/2026 include a sunset 7 years after the date of enactment or renewal of the tax credit. Provides for exceptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires tax credit sunsets for fiscal responsibility, preventing indefinite tax expenditures without renewal.90% confidence

Sub-Topics Business Taxes State Budget Tax Credits

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in committee · Hawaii · Senate Jan 30, 2026

SB 3061: RELATING TO TAX CREDITS.

Requires that income tax credits existing on 12/31/2026 include a sunset on 12/31/2030. Requires that income tax credits established or renewed after 12/31/2026 include a sunset 7 years after the date of enactment or renewal of the tax credit. Provides for exceptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires sunsetting of tax credits to ensure periodic review, promoting fiscal responsibility by preventing permanent tax breaks without reassessment.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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passed both · Hawaii · House Mar 30, 2026

HB 1918: RELATING TO TAXATION.

Imposes conveyance tax on the transfer of a controlling interest of an entity with an interest in real property. Stipulates that the imposition of the conveyance tax on transfers of entity ownership shall not apply to any transfer of interest or acquisition between entities wholly owned by the same common ownership that results in no change in the beneficial ownership. Imposes the conveyance tax on certain transfers of real property at the lowest tax rate. Imposes liability on the transferee in the event that the transferor of the controlling interest does not pay the tax due. Effective 1/1/3028. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole by imposing conveyance tax on controlling interest transfers while exempting same-ownership transfers, promoting fiscal responsibility in real property taxation.95% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

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in committee · Hawaii · House Feb 2, 2026

HB 2525: RELATING TO TAXATION.

HB 2525 establishes a refundable state income tax credit for police officers who remain employed and reside in designated housing within the state. It directly affects eligible sworn police officers by providing them with a tax credit to offset housing costs. The bill's key mechanism is a state-funded tax credit that officers can claim on their income tax returns, reducing their overall tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit for police officers, reducing tax liability and funded by state budget, aligning with tax relief for public servants.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · Hawaii · House Feb 2, 2026

HB 2510: RELATING TO TAXATION.

HB 2510 creates an income tax credit for employers who provide paid family and medical leave to their employees. The bill directly affects businesses that offer this benefit, reducing their state income tax liability based on the leave provided. Key provisions establish a specific credit amount tied to the cost of providing paid leave, incentivizing employers to adopt such policies without mandating it. This policy change modifies tax incentives to encourage broader employer-sponsored leave coverage.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for employers offering paid leave, reducing state tax liability to incentivize policy adoption. Directly modifies tax incentives as a fiscal tool.95% confidence ✓ HealthcareSupports HealthcareIncentivizes employer-provided medical leave, improving access to healthcare services by reducing financial barriers for employees seeking treatment.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes employers to provide paid family/medical leave, directly expanding worker benefits without mandating it.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Paid Leave

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passed · Hawaii · Senate Feb 20, 2026

SB 2738: RELATING TO TAX HAVEN ABUSE.

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)

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax loopholes by requiring corporations to report foreign subsidiary income and pay state taxes on it, increasing revenue for the general fund. This strengthens tax collection and fiscal management.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · Hawaii · Senate Jan 28, 2026

SB 2441: RELATING TO CAPITAL GAINS.

SB 2441 would tax profits from selling investments (like stocks or property) at the same rate as regular income, such as wages. This directly affects individuals and investors who earn capital gains, particularly higher earners who currently benefit from lower tax rates on these profits. The bill replaces the current preferential tax rate for capital gains with the standard income tax rate. This policy change would increase the tax burden for many investors who sell assets at a profit. The bill is currently in committee referral after its initial introduction and first reading.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals preferential capital gains tax rate, closing a loophole to increase revenue from higher earners, aligning with fiscal responsibility indicators.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Hawaii · House Dec 8, 2025

HB 283: RELATING TO INCOME TAX.

HB 283 would eliminate the state individual income tax, meaning residents would no longer owe this tax on their earnings. It directly affects all state residents who currently pay individual income tax, including wage earners and those with investment income. The key provision is the complete removal of the tax, shifting the state's revenue focus away from personal income. The bill is currently pending in committee and has not yet advanced to a vote.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEliminates state individual income tax, removing a primary revenue source and shifting fiscal focus away from personal income taxation.95% confidence

Sub-Topics Business Taxes Income Tax Sales Tax

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passed · Hawaii · House Mar 10, 2026

HB 2156: RELATING TO TAXATION.

HB 2156 would raise the income or transaction thresholds that require businesses to file two specific taxes: the General Excise Tax (applied to most business activities) and the Transient Accommodations Tax (for short-term rentals like hotels or vacation homes). Businesses currently obligated to file below the new, higher thresholds would no longer need to file if their annual activity remains under the increased limit. This change directly affects small businesses and short-term rental operators who currently meet the lower filing requirements. The bill is pending committee referral as of January 2026, with no specific dollar amounts provided in the abstract.

Topics ✓ Budget & TaxesSupports Budget & TaxesRaises tax filing thresholds for small businesses, reducing compliance burden and providing tax relief per bill's focus on General Excise and Transient Accommodations Taxes.85% confidence

Sub-Topics Business Taxes Sales Tax

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passed · Hawaii · House Dec 8, 2025

HB 92: RELATING TO AGRICULTURE.

Includes agricultural businesses as a qualified high technology business to receive tax credits for certain research activities. Effective 7/1/3000. (HD2)

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits for agricultural research, providing targeted tax relief to businesses. Directly aligns with tax incentive support indicators.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Agriculture

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