HawaiiHB 7962025–2026 Regular Session (Year 1)HouseWALLET

RELATING TO TAX CREDITS.

Sponsored By: Kyle T. Yamashita (Democratic)

Vetoed

Summary

Requires that income tax credits existing on 12/31/2025 or established or renewed after 12/31/2025 include a 5-year sunset or an annual one-third reduction, beginning with the 6th year of the credit. (CD1)

Income Tax CreditsSunsetAnnual ReductionFIN

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kyle T. Yamashita

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 198 • No: 37

Senate vote • 4/30/2025

Senate Floor Vote

Yes: 23 • No: 2

House vote • 4/30/2025

House Floor Vote

Yes: 28 • No: 22

Senate vote • 4/23/2025

The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS....

Yes: 3 • No: 0

House vote • 4/23/2025

The Conference Committee recommends that the measure be Passed, with Amendments....

Yes: 3 • No: 0

Senate vote • 4/8/2025

Senate Floor Vote

Yes: 24 • No: 1

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 • 2/28/2025

House Floor Vote

Yes: 40 • No: 7

House vote • 2/24/2025

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes ...

Yes: 14 • No: 1

House vote • 2/11/2025

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

Yes: 45 • No: 4

House vote • 2/7/2025

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

Yes: 7 • No: 0

Actions Timeline

  1. Vetoed on 07/03/2025 - Returned from the Governor without approval (Gov. Msg. No. 1400).

    7/3/2025Senate
  2. Vetoed (Gov. Msg. No. 1400).

    7/3/2025House
  3. Notice of Intent to veto dated 06/06/2025 (Gov. Msg. No. 1301)

    6/6/2025Senate
  4. Notice of intent to veto (Gov. Msg. No. 1301)

    6/6/2025House
  5. Received notice of passage on Final Reading in House (Hse. Com. No. 821).

    5/2/2025Senate
  6. Received notice of Final Reading (Sen. Com. No. 888).

    5/1/2025House
  7. Transmitted to Governor.

    5/1/2025House
  8. Passed Final Reading, as amended (CD 1). Ayes, 23; Aye(s) with reservations: Senator(s) San Buenaventura. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none).

    4/30/2025Senate
  9. Passed Final Reading as amended in CD 1 with Representative(s) Kila, Lamosao, Marten voting aye with reservations; Representative(s) Alcos, Amato, Belatti, Evslin, Garcia, Garrett, Grandinetti, Hussey, Ilagan, Iwamoto, Kapela, La Chica, Lowen, Matsumoto, Muraoka, Perruso, Pierick, Poepoe, Reyes Oda, Shimizu, Souza, Tam voting no (22) and Representative(s) Cochran excused (1).

    4/30/2025House
  10. Reported from Conference Committee (Conf Com. Rep. No. 245) as amended in (CD 1).

    4/25/2025House
  11. Forty-eight (48) hours notice Wednesday, 04-30-25.

    4/25/2025House
  12. Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 245).

    4/25/2025Senate
  13. 48 Hrs. Notice (as amended CD 1) 04-30-25

    4/25/2025Senate
  14. The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Yamashita, Ilagan; Ayes with reservations: Representative(s) Matsumoto; 0 Noes: none; and 0 Excused: none.

    4/23/2025House
  15. The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Hashimoto, Moriwaki, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    4/23/2025Senate
  16. Bill scheduled for Conference Committee Meeting on Wednesday, 04-23-25 10:30AM in conference room 309.

    4/22/2025House
  17. Received notice of appointment of House conferees (Hse. Com. No. 755).

    4/21/2025Senate
  18. Senate Conferees Appointed: Hashimoto Chair; Moriwaki, Fevella.

    4/21/2025Senate
  19. Received notice of Senate conferees (Sen. Com. No. 847).

    4/21/2025House
  20. Re-referred to FIN, referral sheet 33

    4/17/2025House
  21. House Conferees Appointed: Yamashita Chair; Ilagan, Matsumoto.

    4/17/2025House
  22. Received notice of disagreement (Hse. Com. No. 704).

    4/11/2025Senate
  23. House disagrees with Senate amendment (s).

    4/10/2025House
  24. Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: Senator(s) McKelvey, Moriwaki, San Buenaventura. Noes, 1 (Senator(s) Awa). Excused, 0 (none). Transmitted to House.

    4/8/2025Senate
  25. Returned from Senate (Sen. Com. No. 678) in amended form (SD 1).

    4/8/2025House

Bill Text

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