HawaiiSB 132025–2026 Regular Session (Year 2)Senate

RELATING TO THE AQUACULTURE INVESTMENT TAX CREDIT.

Sponsored By: Lorraine R. Inouye (Democratic)

Passed

Summary

For taxable years beginning after 12/31/2025, establishes a 5-year aquaculture investment tax credit for taxpayers that incur qualifying investment costs relating to qualified aquaculture businesses. Takes effect 7/1/2050. (SD1)

Aquaculture Investment Tax CreditAEN, WAM

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Lorraine R. Inouye

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 4 • No: 0

Senate vote 1/24/2025

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

Yes: 4 • No: 0

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. Reported from AEN (Stand. Com. Rep. No. 298) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

    2/12/2025Senate
  3. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    2/12/2025Senate
  4. The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in AEN were as follows: 4 Aye(s): Senator(s) Gabbard, Richards, Rhoads, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) DeCoite.

    1/24/2025Senate
  5. The committee(s) on AEN has scheduled a public hearing on 01-24-25 1:00PM; Conference Room 224 & Videoconference.

    1/21/2025Senate
  6. Referred to AEN, WAM.

    1/16/2025Senate
  7. Introduced and passed First Reading.

    1/15/2025Senate
  8. Pending Introduction.

    1/8/2025Senate

Bill Text

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