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. Takes effect 7/1/2040. (SD1)
Companion:  HB2653
Package: None
Current Referral: CPN, WAM
Introducer(s): KOUCHI (Introduced by request of another party)
Act:

Sort by Date Status Text
2/16/2024SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/16/2024SReported from CPN (Stand. Com. Rep. No. 2661) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/14/2024SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/13/2024SThe committee(s) on CPN deferred the measure until 02-14-24 10:00AM; Conference Room 229.
2/7/2024SThe committee(s) on CPN has scheduled a public hearing on 02-13-24 9:20AM; Conference Room 229 & Videoconference.
1/29/2024SReferred to CPN, WAM.
1/26/2024SPassed First Reading.
1/24/2024SIntroduced.

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.


SB3345 SD1
All Versions of this Measure
SB3345_SD1 Pdf File
SB3345 Pdf File
Committee Reports
SB3345_SD1_SSCR2661_ Pdf File
Testimony
SB3345_TESTIMONY_CPN_02-13-24_
Hearing Notices
CPN
2/13/24 9:20A
CR 229 & Videoconference
View YouTube logo
CPN
2/14/24 10:00A
CR 229
View YouTube logo