HI SB56 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on March 9 2021 - 50% progression, died in committee
Action: 2021-03-11 - Referred to ECD, HSG, CPC, FIN, referral sheet 22
Pending: House Economic Development Committee
Text: Latest bill text (Amended) [HTML]

Summary

Increases the personal income tax rate for high earners for taxable years beginning after 12/31/2020. Increases the tax on capital gains. Increases the corporate income tax and establishes a single corporate income tax rate. From 7/1/2021 through 6/30/2023, temporarily repeals certain general excise tax exemptions. Increases conveyance taxes for the sale of properties valued at $4,000,000 or greater. (SD1)

Tracking Information

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Title

Relating To Revenue Generation.

Sponsors


Roll Calls

2021-03-04 - Senate - Senate Ways and Means: Passed, With Amendments (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-03-11HouseReferred to ECD, HSG, CPC, FIN, referral sheet 22
2021-03-11HousePass First Reading
2021-03-09HouseReceived from Senate (Sen. Com. No. 146) in amended form (SD 1).
2021-03-09SenatePassed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: Senator(s) Ihara. Noes, 1 (Senator(s) Riviere). Excused, 0 (none). Transmitted to House.
2021-03-05Senate48 Hrs. Notice 03-09-21.
2021-03-05SenateReport adopted; Passed Second Reading, as amended (SD 1).
2021-03-05SenateReported from WAM (Stand. Com. Rep. No. 764) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2021-03-04SenateThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, English, Inouye, Kanuha, Kidani, Moriwaki, Shimabukuro, Taniguchi, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2021-03-04SenateThe committee(s) on WAM deferred the measure until 03-04-21 1:51PM; CR 211 & Videoconference.
2021-03-02SenateThe committee(s) on WAM deferred the measure until 03-04-21 10:05AM; CR 211 & Videoconference.
2021-02-26SenateThe committee(s) on WAM has scheduled a public hearing on 03-02-21 9:25AM; CR 211 & Videoconference.
2021-01-22SenateReferred to WAM.
2021-01-21SenatePassed First Reading.
2021-01-21SenateIntroduced.

Same As/Similar To

HB3 (Same As) 2021-02-02 - Re-referred to ECD, HSG, FIN, referral sheet 4

Subjects


Hawaii State Sources


Bill Comments

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