Budget & Taxes (Income Tax)

in committee · Hawaii · House Dec 8, 2025

HB 1498: RELATING TO TAXATION.

Increases the motion picture, digital media, and film production income tax credit for qualified productions that utilize qualified production facilities located within the State. Changes the cap amount and aggregate cap amount of the motion picture, digital media, and film production income tax credit to unspecified amounts. Imposes the manufacturing GET rate on motion picture, digital media, and film productions and repeals the provision in the definition of "qualified production costs" that applied the term to mean costs incurred that are subject to the highest GET rate. Exempts from the GET amounts received by a motion picture project employer from a client equal to amounts that are disbursed by the motion picture project employer for employee wages, salaries, payroll taxes, insurance premiums, and employment benefits and payments to loan-out companies. (HD1)

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases tax credits for film productions, reducing state tax revenue and weakening budget.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · Hawaii · House Dec 8, 2025

HB 282: RELATING TO TAXATION.

HB 282 would allow tipped employees, such as restaurant servers and bartenders, to deduct the tips they receive from their taxable income. This reduces the portion of their earnings subject to income tax. The bill directly affects workers who rely on tips as part of their income. It provides a concrete tax change without altering other tax rates or brackets.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows tipped workers to deduct tips from taxable income, providing direct tax relief for lower-income earners in the taxation policy.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill directly increases net income for tipped workers by allowing tip deductions from taxable income, strengthening their financial position within labor/employment framework.95% confidence

Sub-Topics Income Tax Minimum Wage

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passed · Hawaii · House Feb 2, 2026

HB 1410: RELATING TO HOUSING.

Establishes the Supportive Housing Special Fund. Restructures the conveyance tax to a marginal rate system and adjusts the tax for multifamily properties to reflect value on a per-unit basis. Allocates revenues from conveyance tax collections to the Supportive Housing Special Fund. Allocates a portion of conveyance tax collections to the Dwelling Unit Revolving Fund to fund infrastructure programs in county-designated transit-oriented development areas that meet minimum standards of transit-supportive density. Effective 7/1/3000. (HD2)

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates conveyance tax revenues to Supportive Housing Special Fund and infrastructure funds, directly funding housing and transit projects through tax revenue restructuring.95% confidence ✓ HousingSupports HousingEstablishes Supportive Housing Special Fund and allocates conveyance tax revenues to fund housing programs and transit-oriented development infrastructure.95% confidence ✓ TransportationSupports TransportationAllocates conveyance tax revenue to fund infrastructure in transit-oriented development areas, directly supporting transportation infrastructure projects.95% confidence

Sub-Topics Income Tax Affordable Housing Homelessness Housing Finance

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in committee · Hawaii · House Jan 26, 2026

HB 1755: RELATING TO INCOME TAX.

HB 1755 would eliminate the state's individual income tax, meaning residents would no longer pay tax on personal earnings like wages or investments. This change would directly affect all state residents who currently pay income tax, including wage earners and those with taxable income. The bill's key provision is the removal of this tax obligation without specifying alternative revenue sources. The bill is currently in committee review after its introduction on January 21, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly eliminates state individual income tax, directly weakening tax revenue collection and opposing current taxation policies.95% confidence

Sub-Topics Business Taxes Income Tax Sales Tax

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in committee · Hawaii · Senate Dec 8, 2025

SB 349: RELATING TO CAPITAL GAINS.

SB 349 would tax profits from selling assets (like stocks or property) at the same income tax rate applied to regular wages and salaries. This change would directly affect individuals and businesses that earn capital gains income, such as investors or sellers of real estate. The bill's key provision aligns capital gains taxation with ordinary income tax rates, rather than using a separate lower rate. The bill is currently pending in the 2026 Regular Session after being introduced in January 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAligns capital gains tax with ordinary income rates, closing a loophole that benefits high earners, promoting fiscal responsibility and fair taxation.90% confidence

Sub-Topics Business Taxes Income Tax State Budget

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in committee · Hawaii · House Dec 8, 2025

HB 1251: RELATING TO TAXATION.

HB 1251 would create a refundable income tax credit for property owners whose real estate insurance premiums increased. It directly helps these property owners by refunding the exact amount of their higher insurance costs through their tax returns. The credit applies to properties affected by rising insurance premiums, though the bill does not specify exact property types or thresholds. This policy change aims to offset financial burdens caused by insurance cost increases without requiring new tax payments.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via refundable credit for property owners facing higher insurance costs, offsetting financial burden without increasing taxes.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · Hawaii · House Dec 8, 2025

HB 326: RELATING TO THE HOUSEHOLD AND DEPENDENT CARE SERVICES TAX CREDIT.

Increases a taxpayer's applicable percentage of employment-related expenses that may be claimed for the household and dependent care services tax credit for five years. Repeals 6/30/2030.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit percentage for household care expenses, providing direct tax relief to eligible taxpayers.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases tax credit for dependent care, reducing financial barriers for workers to maintain employment through expanded employment-related expense benefits.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · House Dec 8, 2025

HB 1417: RELATING TO FARMS.

HB 1417 creates a state income tax exclusion for the first $50,000 of gross income earned by farmers. This directly affects small-scale farmers whose annual farm income falls below $50,000, reducing their state tax burden on that portion of earnings. The bill excludes qualifying farm income from taxable income calculations, meaning farmers would pay no state income tax on the first $50,000 they earn from farming operations. It is scheduled to take effect on July 1, 3000.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for small-scale farmers by excluding first $50k farm income from taxable income, reducing state tax burden on qualifying low-income earners.95% confidence

Sub-Topics Income Tax

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passed · Hawaii · Senate Dec 8, 2025

SB 138: RELATING TO TAXATION.

Establishes a nonrefundable income tax credit for taxpayers that incur costs related to the design, materials, installation, and construction of hurricane-resistant safe rooms. Effective 7/1/2077. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit reducing taxpayer liability, providing direct tax relief per fiscal policy indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · Senate Dec 8, 2025

SB 704: RELATING TO THE EARNED INCOME TAX CREDIT.

Permanently increases the state earned income tax credit to fifty per cent of the federal earned income tax credit. Applies to taxable years beginning after 12/31/2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesPermanently increases state EITC to 50% of federal credit, providing tax relief for low-income earners per bill's explicit language.95% confidence

Sub-Topics Income Tax Tax Credits

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