STATE BILLHI SB 3125PASSED

Relating To Income Tax.

State of Hawaii

PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the Renewable Energy Technologies Income Tax Credit by adding an aggregate cap amount, setting income thresholds, adding a certification requirement, and adding a sunset date. Adds sunset dates to the Capital Goods Excise Tax Credit and Renewable Fuels Production Tax Credit. PART II: Beginning 1/1/2028, repeals the Technology Infrastructure Renovation Tax Credit. Beginning 1/1/2029, repeals the High Technology Business Investment Tax Credit and Tax Credit for Research Activities. (CD2)

Status
Passed
Signed or otherwise enacted
Status date
May 21, 2026
175 days ago
Current chamber
House of Representatives
Session
2026 Regular Session
HI SB 3125 · PassedMay 21

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Bill details

Last action
Act 024, on 05/21/2026 (Gov. Msg. No. 1124). · May 21, 2026

Sponsor

RKRonald KouchiSenator · Democrat · SD-008Primary sponsor

Bill history

Newest first.

May 21, 2026Act 024, on 05/21/2026 (Gov. Msg. No. 1124).House
May 21, 2026Act 024, 05/21/2026 (Gov. Msg. No. 1124).Senate
May 8, 2026Enrolled to Governor.Senate
May 8, 2026Received notice of passage on Final Reading in House (Hse. Com. No. 889).Senate
May 8, 2026Received notice of Final Reading (Sen. Com. No. 820).House
May 8, 2026Passed Final Reading, as amended (CD 2). Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) San Buenaventura).Senate
May 8, 2026Passed Final Reading as amended in CD 2 with Representative(s) Amato, Garcia, Iwamoto, Lowen, Muraoka, Perruso, Shimizu, Souza voting aye with reservations; Representative(s) Alcos, Cochran, Gedeon, Hashem, Lee, M., Pierick voting no (6) and none excused (0).House
May 6, 202648 Hrs. Notice 05-08-26Senate
Show 48 earlier actions
May 6, 2026Report filed.Senate
May 6, 2026Separated Committee Report.Senate
May 6, 2026Floor amendment adopted as amended (CD 2).Senate
May 6, 2026Floor Amendment No. 7 offered.Senate
May 6, 2026Forty-eight (48) hours notice Friday 05-08-26.House
May 6, 2026Floor amendment adopted as amended CD 2 with none voting no and none excused.House
May 6, 2026Floor Amendment No. 8 offered by Rep. Todd.House
May 1, 2026Forty-eight (48) hours notice Wednesday, 05-06-26.House
May 1, 2026Reported from Conference Committee (Conf Com. Rep. No. 114-26) as amended in (CD 1).House
May 1, 202648 Hrs. Notice (as amended CD 1) 05-06-26.Senate
May 1, 2026Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 114-26).Senate
Apr 28, 2026The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 2 Ayes: Representative(s) Todd, Takenouchi; Ayes with reservations: none; 1 Noes: Representative(s) Gedeon; and 0 Excused: none.House
Apr 28, 2026The 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) Dela Cruz, Moriwaki, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Senate
Apr 28, 2026Conference committee meeting to reconvene on 04-28-26 9:00 PM; Conference Room 309.Senate
Apr 28, 2026Conference committee meeting to reconvene on 04-28-26 8:00 PM; Conference Room 309.Senate
Apr 28, 2026Conference committee meeting to reconvene on 04-28-26 6:45 PM; Conference Room 309.Senate
Apr 28, 2026Conference committee meeting to reconvene on 04-28-26 4:45 PM; Conference Room 309.Senate
Apr 28, 2026Conference committee meeting to reconvene on 04-28-26 4:00 PM; Conference Room 309.Senate
Apr 27, 2026Conference committee meeting scheduled for 04-28-26 2:45PM; Conference Room 309.Senate
Apr 21, 2026Received notice of Senate conferees (Sen. Com. No. 718).House
Apr 21, 2026Senate Conferees Appointed: Dela Cruz Chair; Moriwaki, Fevella.Senate
Apr 20, 2026Received notice of appointment of House conferees (Hse. Com. No. 787).Senate
Apr 20, 2026House Conferees Appointed: Todd Chair; Takenouchi, Gedeon.House
Apr 16, 2026Received notice of disagreement (Sen. Com. No. 710).House
Apr 16, 2026Senate disagrees with House amendments.Senate
Apr 16, 2026Received from House (Hse. Com. No. 747).Senate
Apr 14, 2026Passed Third Reading with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Alcos, Cochran, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Shimizu, Souza voting no (10) and Representative(s) Quinlan excused (1). Transmitted to Senate.House
Apr 14, 2026Floor amendment failed with Noes, 1 (Representative(s) Todd). Excused, 2 (Representative(s) Perruso, Quinlan).House
Apr 14, 2026Floor Amendment No. 2 offered by Rep. Garcia.House
Apr 9, 2026Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Alcos, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Shimizu, Souza voting no (9) and Representative(s) Cochran excused (1).House
Apr 9, 2026Reported from FIN (Stand. Com. Rep. No. 1986-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.House
Apr 7, 2026The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita; Ayes with reservations: Representative(s) Reyes Oda; 2 Noes: Representative(s) Alcos, Gedeon; and Excused: none.House
Apr 2, 2026Bill scheduled to be heard by FIN on Tuesday, 04-07-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.House
Mar 12, 2026Referred to FIN, referral sheet 17House
Mar 12, 2026Pass First ReadingHouse
Mar 10, 2026Received from Senate (Sen. Com. No. 364) in amended form (SD 1).House
Mar 10, 2026Passed Third Reading, as amended (SD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House.Senate
Mar 6, 202648 Hrs. Notice 03-10-26.Senate
Mar 6, 2026Report adopted; Passed Second Reading, as amended (SD 1).Senate
Mar 6, 2026Reported from WAM (Stand. Com. Rep. No. 2965) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.Senate
Mar 5, 2026The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. 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
Mar 4, 2026The committee(s) on WAM has scheduled a public hearing on 03-05-26 12:00PM; Conference Room 211 & Videoconference (Proposed Draft).Senate
Mar 4, 2026The committee(s) on WAM deleted the measure from the public hearing scheduled on 03-05-26 10:15AM; CR 211 & Videoconference.Senate
Mar 2, 2026The committee(s) on WAM has scheduled a public hearing on 03-05-26 10:15AM; Conference Room 211 & Videoconference.Senate
Feb 2, 2026Referred to WAM.Senate
Jan 28, 2026Passed First Reading.Senate
Jan 28, 2026Introduced.Senate
Jan 26, 2026Pending Introduction.Senate

Recorded votes

Senate Ways and Means: Passed, With AmendmentsMar 5, 2026 · Senate · 13 yea · 0 nayPassed
House Conference: Passed, With AmendmentsApr 28, 2026 · House · 2 yea · 1 nayPassed
Senate Conference: Passed, With AmendmentsApr 28, 2026 · Senate · 3 yea · 0 nayPassed

Subjects

  • Income Tax
  • Income Tax Brackets
  • Renewable Energy Technologies Income Tax Credit
  • Income Tax Rates
  • Capital Goods Excise Tax Credit
  • High Technology Business Investment Tax Credit
  • Renewable Fuels Production Tax Credit
  • Technology infrastructure renovation tax credit
  • Tax Credit for Research Activities
  • Repeal

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

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