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Measure details
Measure Title: RELATING TO INCOME TAX.
Report Title: Income Tax; Income Tax Brackets; Income Tax Rates; Child and Dependent Care Tax Credit; Renewable Energy Technologies Income Tax Credit; Capital Goods Excise Tax Credit; High Technology Business Investment Tax Credit; Renewable Fuels Production Tax Credit; Technology Infrastructure Renovation Tax Credit; Ship Repair Industry Tax Credit; Tax Credit for Research Activities; Repeal
Description: PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the child and dependent care tax credit by: (1) Changing the applicable percentage of the employment-related expenses for which the credit may be claimed to an unspecified percentage; (2) Providing for a disallowance period when there is a final administrative or judicial decision finding that the claim was due to fraud or disallowing the credit; and (3) Defining "adjusted gross income". Extends the repeal date for amendments made by Act 163, SLH 2023 to the child and dependent care tax credit, earned income tax credit, and food/excise tax credit to an unspecified date. PART II: Beginning 1/1/2029, repeals the following tax credits: Renewable Energy Technologies Income Tax Credit, Capital Goods Excise Tax Credit, High Technology Business Investment Tax Credit, Renewable Fuels Production Tax Credit, Technology Infrastructure Renovation Tax Credit, Ship Repair Industry Tax Credit, and Tax Credit for Research Activities. Effective 7/1/2050. (SD1)
Companion:  HB2306
Package: Governor
Current Referral: FIN
Introducer(s): KOUCHI (Introduced by request of another party)
Act:

Measure Status History

Sort by Date
DateChamberStatus Text
3/12/2026HReferred to FIN, referral sheet 17
3/12/2026HPass First Reading
3/10/2026HReceived from Senate (Sen. Com. No. 364) in amended form (SD 1).
3/10/2026SPassed 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.
3/6/2026S48 Hrs. Notice 03-10-26.
3/6/2026SReport adopted; Passed Second Reading, as amended (SD 1).
3/6/2026SReported 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.
3/5/2026SThe 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.
3/4/2026SThe committee(s) on WAM has scheduled a public hearing on 03-05-26 12:00PM; Conference Room 211 & Videoconference (Proposed Draft).
3/4/2026SThe committee(s) on WAM deleted the measure from the public hearing scheduled on 03-05-26 10:15AM; CR 211 & Videoconference.
3/2/2026SThe committee(s) on WAM has scheduled a public hearing on 03-05-26 10:15AM; Conference Room 211 & Videoconference.
2/2/2026SReferred to WAM.
1/28/2026SPassed First Reading.
1/28/2026SIntroduced.
1/26/2026SPending Introduction.

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All Versions of this Measure

SB3125_SD1_PROPOSED Link to SB3125_SD1_PROPOSED .PDF file
SB3125_SD1 Link to SB3125_SD1 .PDF file
SB3125 Link to SB3125 .PDF file

Committee Reports

SB3125_SD1_SSCR2965_ Link to committee report SB3125_SD1_SSCR2965_ .PDF file (opens in new window)

Testimony

SB3125_TESTIMONY_WAM_03-05-26_

Hearing Notices

WAM
3/05/26 12:00P
CR 211 & Videoconference