HawaiiRELATING TO A WEALTH ASSET TAX.
What it does
Beginning January 1, 2030, establishes a wealth asset tax of one per cent of the state net worth of each individual taxpayer who holds $20,000,000 or more in assets in the State. Effective 4/23/2057. (SD1)
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Dec 8Carried over to 2026 Regular Session.Latest
- Feb 12Reported from JDC (Stand. Com. Rep. No. 359) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
- Feb 12Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
- Jan 30The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Awa; Aye(s) with reservations: Senator(s) Chang, San Buenaventura ; 0 No(es): none; and 0 Excused: none.Minor
- Vote recorded The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Jan 27The committee(s) on JDC has scheduled a public hearing on 01-30-25 9:15AM; Conference Room 016 & Videoconference.
- Jan 21Referred to JDC, WAM.Minor
- Jan 15Introduced and passed First Reading.Minor
- Jan 14Pending Introduction.Introduced