Measure Title: RELATING TO THE ESTATE TAX.
Report Title: Estate Tax; DOTAX; Exclusion Amount; Deduction; Family Businesses
Description: Conforms Hawaii estate tax laws to the operative provisions of the Internal Revenue Code to decrease the burden on taxpayers and increase efficiencies in the Department of Taxation's monitoring and auditing of estate tax returns. Establishes an estate tax deduction for the value of closely held business interests that will help ensure that locally-owned family businesses can continue to contribute to the Hawaii economy and assist families to retain the ownership interest in their family businesses. Effective 7/1/3000. (SD1)
Companion:  SB3345
Package: None
Current Referral: CPN, WAM
Introducer(s): SAIKI, YAMASHITA
Act:

Sort by Date Status Text
4/16/2024HReceived notice of Senate conferees (Sen. Com. No. 683).
4/16/2024SSenate Conferees Appointed: Keohokalole Chair; Kim Co-Chair; Richards, Awa.
4/12/2024SReceived notice of disagreement (Hse. Com. No. 731).
4/11/2024HHouse disagrees with Senate amendment (s).
4/9/2024HReturned from Senate (Sen. Com. No. 655) in amended form (SD 1).
4/9/2024SReport Adopted; Passed Third Reading. Ayes, 23; Aye(s) with reservations: Senator(s) Shimabukuro. Noes, 2 (Senator(s) Chang, Rhoads). Excused, 0 (none). Transmitted to House.
4/5/2024SOne Day Notice 04-09-24.
4/5/2024SReported from WAM (Stand. Com. Rep. No. 3818) with recommendation of passage on Third Reading.
4/5/2024SThe committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Hashimoto, Inouye, Kanuha, Kim, Lee, Shimabukuro, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Fevella.
4/4/2024SThe committee(s) on WAM will hold a public decision making on 04-05-24 10:20AM; CR 211 & Videoconference.
4/4/2024SPublic notice requirement waived pursuant to Senate Rule 21.
3/22/2024SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
3/22/2024SReported from CPN (Stand. Com. Rep. No. 3288) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
3/19/2024SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: Senator(s) McKelvey ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
3/14/2024SThe committee(s) on CPN deferred the measure until 03-19-24 9:45AM; Conference Room 229.
3/8/2024SThe committee(s) on CPN has scheduled a public hearing on 03-14-24 9:30AM; CR 229 & Videoconference.
3/7/2024SReferred to CPN, WAM.
3/7/2024SPassed First Reading.
3/7/2024SReceived from House (Hse. Com. No. 425).
3/5/2024HPassed Third Reading with Representative(s) Belatti voting aye with reservations; Representative(s) Ganaden, Hussey-Burdick, Kapela, Kila, Perruso, Poepoe voting no (6) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.
3/1/2024HPassed Second Reading as amended in HD 1; placed on the calendar for Third Reading with Representative(s) Belatti voting aye with reservations; Representative(s) Hussey-Burdick, Kapela, Perruso, Poepoe voting no (4) and Representative(s) Cochran, Ichiyama, Matayoshi, Quinlan, Woodson excused (5).
3/1/2024HReported from FIN (Stand. Com. Rep. No. 751-24) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
2/27/2024HThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Chun, Garrett, Kahaloa, Morikawa, Nishimoto, Takenouchi, Alcos, Ward; Ayes with reservations: Representative(s) Aiu, Kila, Kobayashi, Lamosao, Poepoe; Noes: none; and 1 Excused: Representative(s) Cochran.
2/23/2024HBill scheduled to be heard by FIN on Tuesday, 02-27-24 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
1/26/2024HReferred to FIN, referral sheet 3
1/24/2024HIntroduced and Pass First Reading.
1/23/2024HPending introduction.

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

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HB2653 HD1 SD1
All Versions of this Measure
Hearing Notices
FIN
2/27/24 10:00A
308 VIA VIDEOCONFERENCE
CPN
3/14/24 9:30A
CR 229 & Videoconference
CPN
3/19/24 9:45A
CR 229
WAM
4/05/24 10:20A
CR 211 & Videoconference