# Hawaii SB 2362: RELATING TO TAXATION.

Hawaii SB 2362, RELATING TO TAXATION., is a 2025–2026 Regular Session (Year 2) Senate bill sponsored by Sharon Y. Moriwaki (Democratic); status failed, last action 2026-03-10 (Pass First Reading) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/HI-SB2362-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii SB 2362
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 2)
- Title: RELATING TO TAXATION.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-16
- Last action: 2026-03-10, Pass First Reading
- Sponsor: Sharon Y. Moriwaki (Democratic)
- Cosponsors: 5
- Subjects: DBEDT, Income Tax, Real Estate Investment Trusts, Dividends Paid Deduction, Study, Report, ECD, FIN
- Touches household money: no
- Roll calls: 4 (46 yes, 0 no in all)
- Economic provisions PRIA read: 0

## 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)

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Sharon Y. Moriwaki (Democratic), Senate
- Cosponsor: Kurt Fevella (Republican), Senate
- Cosponsor: Carol Fukunaga (Democratic), Senate
- Cosponsor: Michelle N. Kidani (Democratic), Senate
- Cosponsor: Karl Rhoads (Democratic), Senate
- Cosponsor: Joy A. San Buenaventura (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-06 | Senate | Senate Floor Vote | pass | 24 | 0 |   |
| 2026-03-02 | Senate | The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The... | pass | 13 | 0 |   |
| 2026-02-18 | Senate | The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENT... | pass | 5 | 0 |   |
| 2026-02-18 | Senate | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT... | pass | 4 | 0 |   |

## Actions (17)

- 2026-03-10: Pass First Reading (House)
- 2026-03-10: Referred to ECD, FIN, referral sheet 16 (House)
- 2026-03-06: Report Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House. (Senate)
- 2026-03-06: Received from Senate (Sen. Com. No. 53) in amended form (SD 1). (House)
- 2026-03-05: Reported from WAM (Stand. Com. Rep. No. 2864) with recommendation of passage on Third Reading. (Senate)
- 2026-03-05: One Day Notice 03-06-26. (Senate)
- 2026-03-02: The 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. (Senate)
- 2026-02-27: The committee on WAM has rescheduled its decision making to 03-02-26 10:02AM; CR 211 & Videoconference. (Senate)
- 2026-02-23: The committee(s) on WAM will hold a public decision making on 03-02-26 10:31AM; Conference Room 211 & Videoconference. (Senate)
- 2026-02-20: Reported from EDT/CPN (Stand. Com. Rep. No. 2630) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. (Senate)
- 2026-02-20: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (Senate)
- 2026-02-18: The 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. (Senate)
- 2026-02-18: The 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. (Senate)
- 2026-02-12: The committee(s) on EDT/CPN has scheduled a public hearing on 02-18-26 10:05AM; Conference Room 229 & Videoconference. (Senate)
- 2026-01-26: Referred to EDT/CPN, WAM. (Senate)
- 2026-01-21: Introduced and passed First Reading. (Senate)
- 2026-01-16: Pending Introduction. (Senate)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2362_SD1_.pdf)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2362_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2362_.PDF)
- SB2362_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2362_SD1_.HTM)

## Related bills

- SB 847: RELATING TO PSYCHOLOGISTS. (became law)
- SB 2338: RELATING TO HOUSING. (signed)
- HB 2344: RELATING TO SCHOOL FACILITIES. (signed)
- HB 2023: RELATING TO TRANSPORTATION. (signed)
- HB 2021: RELATING TO TRANSPORTATION. (signed)
- SB 2031: RELATING TO CONSUMER PROTECTION. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2362_SD1_.pdf)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2362_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2362_.PDF)
- [SB2362_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2362_SD1_.HTM)

## Related
- [SB 847: RELATING TO PSYCHOLOGISTS.](https://policyrisk.com/state-bill/HI-SB847-2026)
- [SB 2338: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB2338-2026)
- [HB 2344: RELATING TO SCHOOL FACILITIES.](https://policyrisk.com/state-bill/HI-HB2344-2026)
- [HB 2023: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2023-2026)
- [HB 2021: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2021-2026)
- [SB 2031: RELATING TO CONSUMER PROTECTION.](https://policyrisk.com/state-bill/HI-SB2031-2026)
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Source: PRIA, https://policyrisk.com/state-bill/HI-SB2362-2026 (as of 2026-11-01).