RELATING TO THE ESTATE AND GENERATION-SKIPPING TRANSFER TAX.
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What it does
Official summary
Establishes an unrealized gains surcharge on certain property transfers subject to the estate and generation-skipping transfer tax. Except for certain types of properties within estates, lowers the applicable exclusion amount allowed. Effective 7/1/3000.
More detail
(HD1)
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Where do you stand?
Choose your position
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Tell your reps
Take a position to see your representatives and ways to contact them.
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More on this bill
Where it stands
Introduced
Passed House
3Passed Senate
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
Mar 12Received from House (Hse. Com. No. 366).Latest
Mar 12Passed First Reading.Minor
Mar 12Referred to WAM.Minor
Mar 10Passed Third Reading with Representative(s) Souza voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Reyes Oda, Shimizu voting no (10) and none excused (0). Transmitted to Senate.Passed House
Vote recorded Passed Third Reading. Result: pass.Lower
Mar 6Reported from FIN (Stand. Com. Rep. No. 1019-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
Vote recorded Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading. Result: pass.Lower
Mar 6Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with Representative(s) Reyes Oda, Souza voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Shimizu voting no (9) and Representative(s) Hashem, Perruso, Quinlan, Sayama excused (4).
Mar 4The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Reyes Oda; Ayes with reservations: none; 2 Noes: Representative(s) Alcos, Gedeon; and Excused: none.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Mar 3The committee(s) on FIN recommend(s) that the measure be deferred until 03-04-26.Minor
Mar 3Bill scheduled for decision making on Wednesday, 03-04-26 10:00AM in conference room 308 VIA VIDEOCONFERENCE.
Feb 27Bill scheduled to be heard by FIN on Tuesday, 03-03-26 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.