Measure Title: RELATING TO PASS-THROUGH ENTITY TAXATION.
Report Title: Taxation; Pass-Through Entities; S Corporations; Partnerships
Description: For taxable years beginning after 12/31/2024, requires all qualified members claiming a credit for pass-through entity taxation to adjust their income to include the qualified member's share of taxes paid by an electing pass-through entity. Effective July 1, 3000. (HD1)
Companion:  HB1146
Package: Governor
Current Referral: FIN
Introducer(s): KOUCHI (Introduced by request of another party)
Act:

Sort by DateChamberStatus Text
4/15/2025SReceived notice of appointment of House conferees (Hse. Com. No. 731).
4/14/2025HHouse Conferees Appointed: Takenouchi Chair; Holt, Reyes Oda.
4/10/2025HReceived notice of disagreement (Sen. Com. No. 779).
4/10/2025SSenate disagrees with House amendments.
4/10/2025SReceived from House (Hse. Com. No. 694).
4/8/2025HPassed Third Reading with none voting aye with reservations; Representative(s) Garcia, Muraoka, Shimizu voting no (3) and Representative(s) Cochran excused (1). Transmitted to Senate.
4/4/2025HPassed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Kapela excused (2).
4/4/2025HReported from FIN (Stand. Com. Rep. No. 1947) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
3/27/2025HThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 3 Excused: Representative(s) Hussey, Alcos, Ward.
3/24/2025HBill scheduled to be heard by FIN on Thursday, 03-27-25 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2/28/2025HReferred to FIN, referral sheet 17
2/19/2025HPass First Reading
2/18/2025HReceived from Senate (Sen. Com. No. 4) in amended form (SD 1).
2/18/2025SPassed Third Reading, as amended (SD 1). Ayes, 22; Aye(s) with reservations: none . Noes, 0 (none). Excused, 3 (Senator(s) DeCoite, Gabbard, San Buenaventura). Transmitted to House.
2/14/2025S48 Hrs. Notice 02-18-25.
2/14/2025SReport adopted; Passed Second Reading, as amended (SD 1).
2/14/2025SReported from WAM (Stand. Com. Rep. No. 547) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2/12/2025SThe 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, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/7/2025SThe committee(s) on WAM has scheduled a public hearing on 02-12-25 10:00AM; Conference Room 211 & Videoconference.
1/27/2025SReferred to WAM.
1/23/2025SIntroduced and passed First Reading.
1/21/2025SPending Introduction.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB1465 SD1 HD1

All Versions of this Measure

SB1465_HD1 Link to SB1465_HD1 .PDF file
SB1465_SD1 Link to SB1465_SD1 .PDF file
SB1465 Link to SB1465 .PDF file

Committee Reports

SB1465_SD1_SSCR547_ Link to committee report SB1465_SD1_SSCR547_ .PDF file
SB1465_HD1_HSCR1947_ Link to committee report SB1465_HD1_HSCR1947_ .PDF file

Testimony

SB1465_TESTIMONY_WAM_02-12-25_
SB1465_SD1_TESTIMONY_FIN_03-27-25_

Hearing Notices

WAM
2/12/25 10:00A
CR 211 & Videoconference
FIN
3/27/25 2:00P
308 VIA VIDEOCONFERENCE