All Roll Calls
Yes: 104 • No: 17
HawaiiHB 18502025–2026 Regular Session (Year 2)House
RELATING TO CAPITAL GAINS TAX.
Sponsored By: Jackson D. Sayama (Democratic)
Passed
Summary
Taxes capital gains tax for individuals, estates, and trusts as ordinary income, except for capital gains that are eligible for a county homeowner's exemption. Repeals the alternative capital gains tax for corporations. Applies to taxable years beginning after 12/31/2026. Effective 7/1/3000. (HD2)
Capital Gains TaxCorporationsWAM
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Jackson D. Sayama
Democratic • House
Cosponsors
Greggor Ilagan
Democratic • House
Gregg Takayama
Democratic • House
Roll Call Votes
House vote • 3/10/2026
House Floor Vote
Yes: 42 • No: 8
House vote • 3/3/2026
The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The ...
Yes: 15 • No: 1
House vote • 2/17/2026
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...
Yes: 41 • No: 7
House vote • 2/4/2026
The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The ...
Yes: 6 • No: 1
Actions Timeline
Received from House (Hse. Com. No. 299).
3/12/2026SenatePassed First Reading.
3/12/2026SenateReferred to WAM.
3/12/2026SenatePassed Third Reading as amended in HD 2 with Representative(s) Reyes Oda, Souza voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Shimizu voting no (8) and Representative(s) Pierick excused (1). Transmitted to Senate.
3/10/2026HouseReported from FIN (Stand. Com. Rep. No. 1117-26) as amended in HD 2, recommending passage on Third Reading.
3/6/2026HouseForty-eight (48) hours notice Tuesday, 03-10-26.
3/6/2026HouseThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita; Ayes with reservations: Representative(s) Gedeon, Reyes Oda; 1 Noes: Representative(s) Alcos; and Excused: none.
3/3/2026HouseThe committee(s) on FIN recommend(s) that the measure be deferred until 03-03-26.
3/2/2026HouseBill scheduled for decision making on Tuesday, 03-03-26 2:00PM in conference room 308 VIA VIDEOCONFERENCE.
3/2/2026HouseBill scheduled to be heard by FIN on Monday, 03-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2/27/2026HouseReported from ECD (Stand. Com. Rep. No. 294-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/17/2026HousePassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato, Reyes Oda, Souza voting aye with reservations; Representative(s) Alcos, Garcia, Gedeon, Matsumoto, Muraoka, Pierick, Shimizu voting no (7) and Representative(s) Cochran, Lee, M., Poepoe excused (3).
2/17/2026HouseThe committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Yamashita; Ayes with reservations: none; 1 Noes: Representative(s) Gedeon; and Excused: none.
2/4/2026HouseBill scheduled to be heard by ECD on Wednesday, 02-04-26 10:00AM in House conference room 423 VIA VIDEOCONFERENCE.
1/30/2026HouseIntroduced and Pass First Reading.
1/26/2026HouseReferred to ECD, FIN, referral sheet 2
1/26/2026HousePending introduction.
1/23/2026House
Bill Text
Bill Text
HB1850_HD1
HB1850_HD2
Original
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