HawaiiHB 4762025–2026 Regular Session (Year 2)House

RELATING TO CAPITAL GAINS TAX.

Sponsored By: Jackson D. Sayama (Democratic)

Passed

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)

Capital Gains TaxWAM

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jackson D. Sayama

    Democratic • House

Cosponsors

  • Daniel Holt

    Democratic • House

  • Darius K. Kila

    Democratic • House

  • Scot Z. Matayoshi

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 104 • No: 19

Senate vote 4/1/2025

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 11 • No: 0

House vote 3/4/2025

House Floor Vote

Yes: 40 • No: 9

House vote 2/24/2025

The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The ...

Yes: 13 • No: 2

House vote 2/12/2025

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...

Yes: 40 • No: 8

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. 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.

    4/4/2025Senate
  3. Recommitted to WAM.

    4/4/2025Senate
  4. 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.

    4/1/2025Senate
  5. The committee(s) on WAM deferred the measure until 04-01-25 10:00AM; Conference Room 211 & Videoconference.

    3/28/2025Senate
  6. The committee(s) on WAM has scheduled a public hearing on 03-28-25 10:00AM; Conference Room 211 & Videoconference.

    3/25/2025Senate
  7. Received from House (Hse. Com. No. 246).

    3/6/2025Senate
  8. Passed First Reading.

    3/6/2025Senate
  9. Referred to WAM.

    3/6/2025Senate
  10. 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.

    3/4/2025House
  11. Reported from FIN (Stand. Com. Rep. No. 1166) as amended in HD 2, recommending passage on Third Reading.

    2/28/2025House
  12. Forty-eight (48) hours notice Tuesday, 03-04-25.

    2/28/2025House
  13. 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.

    2/24/2025House
  14. Bill scheduled to be heard by FIN on Monday, 02-24-25 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.

    2/21/2025House
  15. Reported from ECD (Stand. Com. Rep. No. 498) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

    2/12/2025House
  16. 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).

    2/12/2025House
  17. 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.

    1/29/2025House
  18. Bill scheduled to be heard by ECD on Wednesday, 01-29-25 10:00AM in House conference room 423 VIA VIDEOCONFERENCE.

    1/23/2025House
  19. Introduced and Pass First Reading.

    1/21/2025House
  20. Referred to ECD, FIN, referral sheet 2

    1/21/2025House
  21. Pending introduction.

    1/17/2025House

Bill Text

Related Bills

Back to State Legislation