# Hawaii HB 476: RELATING TO CAPITAL GAINS TAX.

Hawaii HB 476, RELATING TO CAPITAL GAINS TAX., is a 2025–2026 Regular Session (Year 1) House bill sponsored by Jackson D. Sayama (Democratic); status passed house, last action 2025-04-04 (Reported from WAM (Stand. Com. Rep. No. 1742) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.) (as of 2026-10-28).

- Canonical: https://policyrisk.com/state-bill/HI-HB476-2025
- As of: 2026-10-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii HB 476
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 1)
- Title: RELATING TO CAPITAL GAINS TAX.
- Status: passed house
- Chamber: House
- Introduced: 2025-01-17
- Last action: 2025-04-04, Reported from WAM (Stand. Com. Rep. No. 1742) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
- Sponsor: Jackson D. Sayama (Democratic)
- Cosponsors: 3
- Subjects: Capital Gains Tax, WAM
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the capital gains tax rate for individuals, estates, and trusts. Amends the alternative capital gains tax for corporations. Effective 7/1/2050. (SD1)

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Jackson D. Sayama (Democratic), House
- Cosponsor: Daniel Holt (Democratic), House
- Cosponsor: Darius K. Kila (Democratic), House
- Cosponsor: Scot Z. Matayoshi (Democratic), House

## Actions (20)

- 2025-04-04: Reported from WAM (Stand. Com. Rep. No. 1742) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading. (Senate)
- 2025-04-04: Recommitted to WAM. (Senate)
- 2025-04-01: The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Lee, C., Fevella; Aye(s) with reservations: Senator(s) Kim ; 0 No(es): none; and 2 Excused: Senator(s) DeCoite, Wakai. (Senate)
- 2025-03-28: The committee(s) on WAM deferred the measure until 04-01-25 10:00AM; Conference Room 211 & Videoconference. (Senate)
- 2025-03-25: The committee(s) on WAM has scheduled a public hearing on 03-28-25 10:00AM; Conference Room 211 & Videoconference. (Senate)
- 2025-03-06: Received from House (Hse. Com. No. 246). (Senate)
- 2025-03-06: Passed First Reading. (Senate)
- 2025-03-06: Referred to WAM. (Senate)
- 2025-03-04: Passed Third Reading as amended in HD 2 with Representative(s) Kila, Lamosao, Miyake voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Kong, Matsumoto, Muraoka, Reyes Oda, Shimizu, Souza voting no (9) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate. (House)
- 2025-02-28: Reported from FIN (Stand. Com. Rep. No. 1166) as amended in HD 2, recommending passage on Third Reading. (House)
- 2025-02-28: Forty-eight (48) hours notice Tuesday, 03-04-25. (House)
- 2025-02-24: The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Kitagawa, Kusch, Lee, M., Morikawa, Templo; Ayes with reservations: Representative(s) Keohokapu-Lee Loy, Lamosao, Miyake; 2 Noes: Representative(s) Alcos, Reyes Oda; and 1 Excused: Representative(s) Ward. (House)
- 2025-02-21: Bill scheduled to be heard by FIN on Monday, 02-24-25 10:00AM in House conference room 308 VIA VIDEOCONFERENCE. (House)
- 2025-02-12: Reported from ECD (Stand. Com. Rep. No. 498) as amended in HD 1, recommending passage on Second Reading and referral to FIN. (House)
- 2025-02-12: Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato voting aye with reservations; Representative(s) Alcos, Garcia, Kong, Matsumoto, Muraoka, Pierick, Reyes Oda, Shimizu voting no (8) and Representative(s) Cochran, Sayama, Ward excused (3). (House)
- 2025-01-29: The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Todd; Ayes with reservations: Representative(s) Matsumoto; Noes: none; and Excused: none. (House)
- 2025-01-23: Bill scheduled to be heard by ECD on Wednesday, 01-29-25 10:00AM in House conference room 423 VIA VIDEOCONFERENCE. (House)
- 2025-01-21: Introduced and Pass First Reading. (House)
- 2025-01-21: Referred to ECD, FIN, referral sheet 2 (House)
- 2025-01-17: Pending introduction. (House)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_SD1_.pdf)
- HB476_HD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_HD1_.HTM)
- HB476_HD2: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_HD2_.HTM)
- HB476_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_SD1_.HTM)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_.PDF)

## Related bills

- SB 572: RELATING TO HOUSING. (signed)
- HB 431: RELATING TO HOUSING. (signed)
- HB 420: RELATING TO REMEDIES. (signed)
- SB 1296: RELATING TO DISASTER RECOVERY. (signed)
- HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS. (signed)
- HB 1064: RELATING TO FIRE PROTECTION. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_SD1_.pdf)
- [HB476_HD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_HD1_.HTM)
- [HB476_HD2 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_HD2_.HTM)
- [HB476_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_SD1_.HTM)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB476_.PDF)

## Related
- [SB 572: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB572-2025)
- [HB 431: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-HB431-2025)
- [HB 420: RELATING TO REMEDIES.](https://policyrisk.com/state-bill/HI-HB420-2025)
- [SB 1296: RELATING TO DISASTER RECOVERY.](https://policyrisk.com/state-bill/HI-SB1296-2025)
- [HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS.](https://policyrisk.com/state-bill/HI-HB830-2025)
- [HB 1064: RELATING TO FIRE PROTECTION.](https://policyrisk.com/state-bill/HI-HB1064-2025)
- [Hawaii bills](https://policyrisk.com/states/hawaii/bills)
- [Hawaii state hub](https://policyrisk.com/states/hawaii)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/HI-HB476-2025 (as of 2026-10-28).