Budget & Taxes (Business Taxes)

passed · Hawaii · House Mar 12, 2026

HB 2444: RELATING TO TAXATION.

HB 2444 increases the state tax credit available to low-income household renters, raising the amount from $50 to $100 for each tax exemption claimed by the taxpayer. This change directly affects renters who qualify as low-income and claim tax exemptions, providing them with greater financial relief through their state tax return. The key provision is the specific dollar amount increase per exemption, making the credit more substantial for eligible households. The bill does not alter eligibility criteria or introduce new administrative requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for low-income renters, providing direct fiscal relief through higher state tax credit per exemption.95% confidence ✓ HousingSupports HousingIncreases tax credit for low-income renters from $50 to $100, directly enhancing housing affordability and financial relief for eligible households.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Property Taxes Renters

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in committee · Hawaii · House Dec 8, 2025

HB 116: RELATING TO TAX HAVEN ABUSE.

Requires corporations to include 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. Effective 1/1/2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses corporate tax loophole by requiring foreign subsidiary income inclusion, increasing state tax revenue through stricter apportionment.95% confidence

Sub-Topics Business Taxes

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in committee · Hawaii · Senate Dec 8, 2025

SB 54: RELATING TO AN INTERSTATE COMPACT TO PHASE OUT CORPORATE WELFARE.

The provided context does not include sufficient details to summarize SB 54's specific provisions, mechanisms, or affected parties. The bill title and abstract mention adopting an "Interstate Compact to Phase Out Corporate Welfare," but no concrete policy changes, affected entities, or implementation details are described in the available information. Without additional text explaining the compact's requirements or scope, a factual summary cannot be generated. The recent procedural actions (e.g., referral to committees) do not clarify the bill's substance.

Topics ✓ Budget & TaxesSupports Budget & TaxesPhasing out corporate welfare closes tax loopholes and reduces corporate subsidies, aligning with fiscal responsibility and budget management priorities.85% confidence

Sub-Topics Business Taxes State Budget

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in committee · Hawaii · House Dec 8, 2025

HB 1235: RELATING TO A WEALTH ASSET TAX.

Establishes a wealth asset tax of one per cent of the state net worth of each individual taxpayer who holds $20,000,000 or more in assets in the State.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 1% tax on ultra-wealthy ($20M+ assets), increasing state revenue for fiscal management per bill's explicit tax mechanism.95% confidence

Sub-Topics Business Taxes

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in committee · Hawaii · House Dec 8, 2025

HB 760: RELATING TO TAXATION.

Reenacts the agricultural development and food security special fund. Establishes and appropriates moneys into the carbon emissions tax and dividend special fund. Establishes a refundable tax credit to mitigate the effect of a carbon emissions tax on taxpayers. Amends the environmental response, energy, and food security tax by taxing fossil fuels based on their emissions. Requires reports to the Legislature. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes carbon emissions tax with refundable tax credit to mitigate taxpayer burden, funds special funds for environmental response and food security, aligning with fiscal responsibility and tax relief indicators.95% confidence ✓ EnergySupports EnergyTaxing fossil fuels by emissions and establishing carbon tax/dividend fund directly reduces fossil fuel reliance, aligning with clean energy promotion indicators.90% confidence ✓ EnvironmentSupports EnvironmentBill establishes carbon emissions tax on fossil fuels, creates carbon tax/dividend fund, and amends environmental response tax to reduce emissions per subject descriptions.95% confidence

Sub-Topics Business Taxes State Budget Tax Credits Climate Change

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in committee · Hawaii · House Feb 2, 2026

HB 2521: RELATING TO TAXATION.

HB 2521 exempts the sale of groceries, healthcare services, and utility services from the general excise tax. This means businesses selling these specific items or services - like grocery stores, hospitals, and electricity/water providers - would no longer pay this tax on those transactions. The bill defines key terms to clarify which services qualify for the exemption. It directly affects businesses in these sectors by reducing their tax burden on core customer transactions.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts essential services (groceries, healthcare, utilities) from general excise tax, reducing tax burden on businesses and consumers for necessities, aligning with tax relief for lower/middle income.95% confidence ✓ HealthcareSupports HealthcareExempts healthcare services from general excise tax, reducing provider costs and supporting accessibility of healthcare services.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · Hawaii · House Feb 18, 2026

HB 1611: RELATING TO TAXATION.

Beginning 1/1/2027, establishes a yearly reduction in the general excise tax rate on groceries and nonprescription drugs on a tiered schedule until 1/1/2034, when a full general excise tax exemption applies. Beginning 1/1/2027, prohibits the counties from imposing a county surcharge on groceries and nonprescription drugs. Beginning 1/1/2028, provides a general excise tax exemption on the wholesale sale of groceries and nonprescription drugs. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces general excise tax on essential items (groceries, nonprescription drugs), providing tax relief for lower-income households per tax reduction indicators.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · Hawaii · House Feb 5, 2026

HB 2392: RELATING TO TAXATION.

Establishes the alternative transportation options tax credit for employers that offer transportation demand management strategies to employees who commute using a method other than single occupancy vehicle. Authorizes rulemaking.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for employers offering alternative commuting options, providing tax relief and incentivizing behavior aligned with fiscal policy.95% confidence ✓ TransportationSupports TransportationBill creates tax credit for employers promoting non-SOV commutes, directly incentivizing sustainable transportation alternatives and aligning with sustainable transportation indicators.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Electric Vehicles

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in committee · Hawaii · House Dec 8, 2025

HB 933: RELATING TO GENERAL EXCISE TAX REDUCTIONS.

Reduces the general excise tax rate on the gross proceeds or gross income from the sale of groceries that are eligible under the Supplemental Nutrition Assistance Program (SNAP) or Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), regardless of the means of purchase and the program eligibility of the purchaser. Reduces the general excise tax rate on the gross proceeds or income from the sale of nonprescription drugs. Requires DBEDT to conduct an economic cost-benefit analysis on the general excise tax reductions. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces excise tax on SNAP/WIC-eligible groceries and nonprescription drugs, providing tax relief for low-income residents through targeted rate reductions.92% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · Hawaii · House Dec 8, 2025

HB 1214: RELATING TO TAXATION.

HB 1214 proposes a tax credit for landlords who rent residential properties, allowing them to reduce their state income tax liability. This credit would directly affect landlords in rental housing, potentially lowering their tax burden. The bill's abstract specifies it establishes this credit but does not detail eligibility requirements for tenants or the credit amount. Currently, the bill is pending committee review for the 2026 legislative session.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax credit for landlords, reducing state tax revenue; aligns with 'tax breaks primarily for wealthy' oppose indicator without targeting lower-income groups.85% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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