All Roll Calls
Yes: 46 • No: 0
HawaiiSB 23622025–2026 Regular Session (Year 2)Senate
RELATING TO TAXATION.
Sponsored By: Sharon Y. Moriwaki (Democratic)
Passed
Summary
Requires the Department of Business, Economic Development, and Tourism to study the impacts of disallowing the dividends paid deduction for real estate investment trusts. Requires a report to the Legislature. Effective 7/1/2050. (SD1)
DBEDTIncome TaxReal Estate Investment TrustsDividends Paid DeductionStudyReportECD, FIN
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Sharon Y. Moriwaki
Democratic • Senate
Cosponsors
Kurt Fevella
Republican • Senate
Carol Fukunaga
Democratic • Senate
Michelle N. Kidani
Democratic • Senate
Karl Rhoads
Democratic • Senate
Joy A. San Buenaventura
Democratic • Senate
Roll Call Votes
Senate vote • 3/6/2026
Senate Floor Vote
Yes: 24 • No: 0
Senate vote • 3/2/2026
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The...
Yes: 13 • No: 0
Senate vote • 2/18/2026
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT...
Yes: 4 • No: 0
Senate vote • 2/18/2026
The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENT...
Yes: 5 • No: 0
Actions Timeline
Pass First Reading
3/10/2026HouseReferred to ECD, FIN, referral sheet 16
3/10/2026HouseReport Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.
3/6/2026SenateReceived from Senate (Sen. Com. No. 53) in amended form (SD 1).
3/6/2026HouseReported from WAM (Stand. Com. Rep. No. 2864) with recommendation of passage on Third Reading.
3/5/2026SenateOne Day Notice 03-06-26.
3/5/2026SenateThe committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
3/2/2026SenateThe committee on WAM has rescheduled its decision making to 03-02-26 10:02AM; CR 211 & Videoconference.
2/27/2026SenateThe committee(s) on WAM will hold a public decision making on 03-02-26 10:31AM; Conference Room 211 & Videoconference.
2/23/2026SenateReported from EDT/CPN (Stand. Com. Rep. No. 2630) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/20/2026SenateReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/20/2026SenateThe committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 5 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/18/2026SenateThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.
2/18/2026SenateThe committee(s) on EDT/CPN has scheduled a public hearing on 02-18-26 10:05AM; Conference Room 229 & Videoconference.
2/12/2026SenateReferred to EDT/CPN, WAM.
1/26/2026SenateIntroduced and passed First Reading.
1/21/2026SenatePending Introduction.
1/16/2026Senate
Bill Text
Bill Text
Original
SB2362_SD1
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