HawaiiSB 25522025–2026 Regular Session (Year 2)SenateWALLET

RELATING TO THE INDIVIDUAL HOUSING ACCOUNT PROGRAM.

Sponsored By: Troy N. Hashimoto (Democratic)

Signed by Governor

Summary

For taxable years beginning 1/1/2027, (1) increases the maximum annual and total allowable deduction for contributions to individual housing accounts for income tax deductions and (2) increases the maximum allowable contributions for individual housing accounts to qualify for the income tax deductions. Repeals outdated language applicable to first-time home purchases made before 1/1/1990, by persons with an individual housing account. Effective 7/1/3000. (HD1)

Income TaxIndividual Housing AccountsPre-tax SavingsMaximum Annual DeductionMaximum Total DeductionIncreaseHSG, FIN

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Bigger first-home tax break, with a wait

Hawaii allows eligible first-home savers to deduct cash contributions to an individual housing account from state taxable income. The yearly limit is $20,000 for an individual, $40,000 for a joint return, and $20,000 combined for married couples filing separately. The lifetime limit is $200,000, not counting interest. The home must be the buyer’s only home, and neither the buyer nor spouse may have had an interest in residential property during the five years before opening the account. Contributions are not deductible when their funds are distributed within 365 days.

Sponsors & Cosponsors

Sponsor

  • Troy N. Hashimoto

    Democratic • Senate

Cosponsors

  • Stanley Chang

    Democratic • Senate

  • Kurt Fevella

    Republican • Senate

  • Lorraine R. Inouye

    Democratic • Senate

  • Michelle N. Kidani

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 219 • No: 0

House vote • 5/6/2026

House Floor Vote

Yes: 51 • No: 0

Senate vote • 4/30/2026

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

Yes: 2 • No: 0

House vote • 4/30/2026

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

Yes: 3 • No: 0

House vote • 4/9/2026

House Floor Vote

Yes: 49 • No: 0

House vote • 4/7/2026

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

Yes: 16 • No: 0

House vote • 3/24/2026

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

Yes: 48 • No: 0

House vote • 3/20/2026

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

Yes: 8 • No: 0

Senate vote • 3/10/2026

Senate Floor Vote

Yes: 25 • No: 0

Senate vote • 3/3/2026

The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The...

Yes: 12 • No: 0

Senate vote • 2/10/2026

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

Yes: 5 • No: 0

Actions Timeline

  1. Act 217, 07/08/2026 (Gov. Msg. No. 1319).

    7/8/2026Senate
  2. Act 217, on 07/08/2026 (Gov. Msg. No. 1319).

    7/8/2026House
  3. Received notice of passage on Final Reading in House (Hse. Com. No. 888).

    5/8/2026Senate
  4. Enrolled to Governor.

    5/8/2026Senate
  5. Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.

    5/6/2026Senate
  6. Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).

    5/6/2026House
  7. Received notice of Final Reading (Sen. Com. No. 816).

    5/6/2026House
  8. Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 111-26).

    5/1/2026Senate
  9. 48 Hrs. Notice (as amended CD 1) 05-06-26.

    5/1/2026Senate
  10. Reported from Conference Committee (Conf Com. Rep. No. 111-26) as amended in (CD 1).

    5/1/2026House
  11. Forty-eight (48) hours notice Wednesday, 05-06-26.

    5/1/2026House
  12. The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 2 Aye(s): Senator(s) Chang, Hashimoto; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

    4/30/2026Senate
  13. The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Evslin, Miyake, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

    4/30/2026House
  14. Conference Committee Meeting will reconvene on Thursday 04-30-26 10:00AM in conference room 224.

    4/29/2026House
  15. Conference Committee Meeting will reconvene on Wednesday 04-29-26 10:00AM in conference room 224.

    4/28/2026House
  16. Conference Committee Meeting will reconvene on Tuesday 04-28-26 10:05AM in conference room 224.

    4/27/2026House
  17. Conference Committee Meeting will reconvene on Monday 04-27-26 10:05AM in conference room 224.

    4/24/2026House
  18. Bill scheduled for Conference Committee Meeting on Friday, 04-24-26 10:05AM in conference room 224.

    4/23/2026House
  19. House Conferees Appointed: Evslin, Miyake Co-Chairs; Matsumoto.

    4/20/2026House
  20. Received notice of appointment of House conferees (Hse. Com. No. 787).

    4/20/2026Senate
  21. Senate Conferees Appointed: Chang Chair; Hashimoto Co-Chair; Fevella.

    4/20/2026Senate
  22. Received notice of Senate conferees (Sen. Com. No. 714).

    4/20/2026House
  23. Received from House (Hse. Com. No. 513).

    4/10/2026Senate
  24. Senate disagrees with House amendments.

    4/10/2026Senate
  25. Received notice of disagreement (Sen. Com. No. 564).

    4/10/2026House

Bill Text

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