Measure Title: RELATING TO CAPITAL GAINS TAX.
Report Title: Capital Gains Tax
Description: Amends the capital gains tax rate for individuals, estates, and trusts. Amends the alternative capital gains tax for corporations. Effective 7/1/2050. (SD1)
Companion:
Package: None
Current Referral: WAM
Introducer(s): SAYAMA, HOLT, KILA, MATAYOSHI
Act:

Sort by DateChamberStatus Text
4/4/2025SRecommitted to WAM.
4/4/2025SReported from WAM (Stand. Com. Rep. No. 1742) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
4/1/2025SThe 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, Moriwaki, Aquino, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Lee, C., Fevella; Aye(s) with reservations: Senator(s) Kim ; 0 No(es): none; and 2 Excused: Senator(s) DeCoite, Wakai.
3/28/2025SThe committee(s) on WAM deferred the measure until 04-01-25 10:00AM; Conference Room 211 & Videoconference.
3/25/2025SThe committee(s) on WAM has scheduled a public hearing on 03-28-25 10:00AM; Conference Room 211 & Videoconference.
3/6/2025SReferred to WAM.
3/6/2025SPassed First Reading.
3/6/2025SReceived from House (Hse. Com. No. 246).
3/4/2025HPassed Third Reading as amended in HD 2 with Representative(s) Kila, Lamosao, Miyake voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Kong, Matsumoto, Muraoka, Reyes Oda, Shimizu, Souza voting no (9) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate.
2/28/2025HForty-eight (48) hours notice Tuesday, 03-04-25.
2/28/2025HReported from FIN (Stand. Com. Rep. No. 1166) as amended in HD 2, recommending passage on Third Reading.
2/24/2025HThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Kitagawa, Kusch, Lee, M., Morikawa, Templo; Ayes with reservations: Representative(s) Keohokapu-Lee Loy, Lamosao, Miyake; 2 Noes: Representative(s) Alcos, Reyes Oda; and 1 Excused: Representative(s) Ward.
2/21/2025HBill scheduled to be heard by FIN on Monday, 02-24-25 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
2/12/2025HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato voting aye with reservations; Representative(s) Alcos, Garcia, Kong, Matsumoto, Muraoka, Pierick, Reyes Oda, Shimizu voting no (8) and Representative(s) Cochran, Sayama, Ward excused (3).
2/12/2025HReported from ECD (Stand. Com. Rep. No. 498) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
1/29/2025HThe committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Todd; Ayes with reservations: Representative(s) Matsumoto; Noes: none; and Excused: none.
1/23/2025HBill scheduled to be heard by ECD on Wednesday, 01-29-25 10:00AM in House conference room 423 VIA VIDEOCONFERENCE.
1/21/2025HReferred to ECD, FIN, referral sheet 2
1/21/2025HIntroduced and Pass First Reading.
1/17/2025HPending introduction.

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

Some of the above items require Adobe Acrobat Reader. Please visit Adobe's download page for detailed instructions.


HB476 HD2 SD1

All Versions of this Measure

HB476_SD1 Link to HB476_SD1 .PDF file
HB476_HD2 Link to HB476_HD2 .PDF file
HB476_HD1 Link to HB476_HD1 .PDF file
HB476 Link to HB476 .PDF file

Committee Reports

HB476_HD1_HSCR498_ Link to committee report HB476_HD1_HSCR498_ .PDF file
HB476_HD2_HSCR1166_ Link to committee report HB476_HD2_HSCR1166_ .PDF file
HB476_SD1_SSCR1742_ Link to committee report HB476_SD1_SSCR1742_ .PDF file

Testimony

HB476_TESTIMONY_ECD_01-29-25_
HB476_HD1_TESTIMONY_FIN_02-24-25_
HB476_HD2_TESTIMONY_WAM_03-28-25_

Hearing Notices

ECD
1/29/25 10:00A
423 VIA VIDEOCONFERENCE
FIN
2/24/25 10:00A
308 VIA VIDEOCONFERENCE
WAM
3/28/25 10:00A
CR 211 & Videoconference
WAM
4/01/25 10:00A
CR 211 & Videoconference