All Roll Calls
Yes: 199 • No: 2
HawaiiSB 14642025–2026 Regular Session (Year 1)SenateWALLET
RELATING TO CONFORMITY TO THE INTERNAL REVENUE CODE.
Sponsored By: Ronald D. Kouchi (Democratic)
Signed by Governor
Summary
Conforms Hawaii income and estate and generation-skipping transfer tax laws to the Internal Revenue Code of 1986, as amended as of December 31, 2024. (CD1)
Conformity to the Internal Revenue Code for 2024Income TaxEstate and Generation-Skipping Transfer TaxFIN
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Hawaii updates estate transfer tax rules
For deaths or taxable transfers after December 31, 2024, Hawaii uses the federal estate and generation-skipping transfer tax code as amended through December 31, 2024. Hawaii exceptions and limits still apply. The law does not state whether estates will pay more or less tax.
Hawaii updates state income tax rules
For tax years starting after December 31, 2024, Hawaii uses the federal income tax code as amended through December 31, 2024, with Hawaii exceptions. Certain federal rules for pandemic aid, charitable gifts, health and dependent care accounts, disaster relief, and retirement plans apply in Hawaii. Recovery rebates from 2020 and 2021 stay out of Hawaii gross income. The retirement withdrawal rule applies to tax years starting after December 31, 2019; prior law still controls certain earlier tax years and property basis.
Sponsors & Cosponsors
Sponsor
Ronald D. Kouchi
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/30/2025
House Floor Vote
Yes: 48 • No: 1
House vote • 4/23/2025
The Conference Committee recommends that the measure be Passed, with Amendments....
Yes: 3 • No: 0
Senate vote • 4/23/2025
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS....
Yes: 3 • No: 0
House vote • 4/8/2025
House Floor Vote
Yes: 48 • No: 1
House vote • 4/4/2025
House Floor Vote
Yes: 49 • No: 0
House vote • 3/27/2025
The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The ...
Yes: 13 • No: 0
Senate vote • 2/19/2025
Senate Floor Vote
Yes: 22 • No: 0
Senate vote • 2/12/2025
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The...
Yes: 13 • No: 0
Actions Timeline
Act 123, 05/29/2025 (Gov. Msg. No. 1223).
5/29/2025SenateAct 123, on 05/29/2025 (Gov. Msg. No. 1223).
5/29/2025HouseReceived notice of passage on Final Reading in House (Hse. Com. No. 821).
5/2/2025SenateEnrolled to Governor.
5/2/2025SenateReceived notice of Final Reading (Sen. Com. No. 888).
5/1/2025HousePassed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
4/30/2025SenatePassed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Iwamoto voting no (1) and Representative(s) Cochran, Pierick excused (2).
4/30/2025HouseReported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 17).
4/24/2025Senate48 Hrs. Notice (as amended CD 1) 04-30-25
4/24/2025SenateReported from Conference Committee (Conf Com. Rep. No. 17) as amended in (CD 1).
4/24/2025HouseForty-eight (48) hours notice Wednesday, 04-30-25.
4/24/2025HouseThe 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) Moriwaki, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
4/23/2025SenateThe Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Yamashita, Takenouchi, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
4/23/2025HouseBill scheduled for Conference Committee Meeting on Wednesday, 04-23-25 10:30AM in conference room 309.
4/22/2025HouseSenate Conferees Appointed: Moriwaki Chair; Hashimoto, Wakai, Fevella.
4/21/2025SenateReceived notice of Senate conferees (Sen. Com. No. 848).
4/21/2025HouseSenate Conferees Discharged: Senator Hashimoto discharged as Conferee.
4/21/2025SenateReceived notice of change in Senate conferees (Sen. Com. No. 852).
4/21/2025HouseReceived notice of appointment of House conferees (Hse. Com. No. 731).
4/15/2025SenateHouse Conferees Appointed: Yamashita Chair; Takenouchi, Reyes Oda.
4/14/2025HouseReceived from House (Hse. Com. No. 693).
4/10/2025SenateSenate disagrees with House amendments.
4/10/2025SenateReceived notice of disagreement (Sen. Com. No. 779).
4/10/2025HousePassed Third Reading with none voting aye with reservations; Representative(s) Iwamoto voting no (1) and Representative(s) Cochran, Marten excused (2). Transmitted to Senate.
4/8/2025HouseReported from FIN (Stand. Com. Rep. No. 1946) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
4/4/2025House
Bill Text
Bill Text
Original
SB1464_CD1
SB1464_HD1
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