Rep. Della Belatti

Maddy summaryHB 2150 removes a specific tax deduction for real estate investment trusts (REITs). It disallows REITs from deducting dividends they pay to shareholders when calculating their taxable income. This change directly affects REITs by increasing their taxable income and potentially raising their tax burden. The bill creates a concrete policy shift in how REITs are taxed under state law.

Prohibits discrimination against a pharmacy or pharmacist with respect to participation, referral, reimbursement of a covered service, or indemnification. Establishes beneficiary cost sharing and deductible requirements for prescription drugs. Establishes minimum rates for which pharmacy benefit managers are to reimburse pharmacies for dispensing prescription drugs. For prescription drug benefit plans executed, amended, adjusted, or renewed on or after 7/1/2027, requires a pharmacy benefit manager to use pass-through pricing, or may alternatively use spread pricing if any savings realized by the pharmacy benefit manager are passed on.

Establishes mandatory minimum terms of imprisonment for certain class A felonies involving firearms. Changes from a class B felony to a class A felony the penalty for owning, possessing, or controlling any firearm or ammunition while being prosecuted for or having been convicted of committing a felony, a crime of violence, a criminal offense relating to firearms, or an illegal sale or distribution of any drug. Changes from a misdemeanor to a class A felony the penalty for ownership, possession, control, or transfer of ownership of any firearms or ammunition by a person who a court order has restrained from contacting, threatening, or physically abusing any person. Changes from a misdemeanor to a class A felony the penalty for carrying a firearm while under the influence of a controlled substance. Establishes possession of methamphetamine while carrying a firearm as a class A felony.

Establishes a comprehensive system of public financing for all candidates seeking election to state and county public offices in Hawaii, to begin with the 2028 general election year. Requires the Campaign Spending Commission to submit reports to the Legislature. Appropriates funds.

Establishes a hierarchy of duty for public trust resources to be applicable to the decisions made by the Department of Land and Natural Resources in the management of the State's public natural resources.

Maddy summaryHB 2228 increases matching funds for candidates participating in the state's partial public financing program. It specifically raises the amount of public money matched for "excess qualifying contributions" beyond the program's base threshold. This change directly affects candidates who receive small donations under the program, potentially providing them with more public funding for their campaigns. The bill is currently in early stages of the legislative process.

Requires board members of a condominium association to complete a board training and education course approved by an accredited third party organization, to be selected by the Real Estate Commission and paid for through funds in the Condominium Education Trust Fund.

Designates pricing practices based on surveillance data as unfair or deceptive acts or practices and unfair methods of competition in the conduct of any trade or commerce.

Authorizes the Attorney General to bring a civil action in the name of the people of the State as parens patriae against any responsible party to recover certain costs or obtain certain relief, including costs and losses incurred by the Hawaii Property Insurance Association, Hawaii Hurricane Relief Fund, or other state entities, resulting from climate attributable harm or costs for risk of future climate attributable harm. Authorizes the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund, or any private insurer licensed in the State to bring a civil cause of action against a responsible party to recover its costs and losses resulting from climate attributable harm.

Part I: Effective 1/1/2027, 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. Part II: Establishes within DOTAX a Corporate Tax Law Task Force to annually review the State's corporate tax laws and recommend updates to close tax loopholes.