PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the Renewable Energy Technologies Income Tax Credit by adding an aggregate cap amount, setting income thresholds, adding a certification requirement, and adding a sunset date.
More detail
Adds sunset dates to the Capital Goods Excise Tax Credit and Renewable Fuels Production Tax Credit. PART II: Beginning 1/1/2028, repeals the Technology Infrastructure Renovation Tax Credit. Beginning 1/1/2029, repeals the High Technology Business Investment Tax Credit and Tax Credit for Research Activities. (CD2)
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More on this bill
Where it stands
Introduced
Passed Senate
Passed House
To Governor
Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
May 21Act 024, 05/21/2026 (Gov. Msg. No. 1124).Latest
May 21Act 024, on 05/21/2026 (Gov. Msg. No. 1124).Became Law
May 8Passed Final Reading as amended in CD 2 with Representative(s) Amato, Garcia, Iwamoto, Lowen, Muraoka, Perruso, Shimizu, Souza voting aye with reservations; Representative(s) Alcos, Cochran, Gedeon, Hashem, Lee, M., Pierick voting no (6) and none excused (0).Major
Vote recorded Passed Final Reading, as amended (CD 2). Result: pass.Upper
Vote recorded Passed Final Reading as amended in CD 2. Result: pass.Lower
May 8Passed Final Reading, as amended (CD 2). Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) San Buenaventura).Major
May 8Received notice of Final Reading (Sen. Com. No. 820).Minor
May 8Received notice of passage on Final Reading in House (Hse. Com. No. 889).Minor
May 8Enrolled to Governor.To Governor
May 6Floor Amendment No. 8 offered by Rep. Todd.Minor
May 6Floor amendment adopted as amended CD 2 with none voting no and none excused.Major
May 6Forty-eight (48) hours notice Friday 05-08-26.
May 6Floor Amendment No. 7 offered.Minor
May 6Floor amendment adopted as amended (CD 2).Major
May 6Separated Committee Report.
May 6Report filed.
May 648 Hrs. Notice 05-08-26
May 1Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 114-26).
May 148 Hrs. Notice (as amended CD 1) 05-06-26.
May 1Reported from Conference Committee (Conf Com. Rep. No. 114-26) as amended in (CD 1).
May 1Forty-eight (48) hours notice Wednesday, 05-06-26.
Apr 28Conference committee meeting to reconvene on 04-28-26 4:00 PM; Conference Room 309.
Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
Apr 28Conference committee meeting to reconvene on 04-28-26 4:45 PM; Conference Room 309.
Apr 28Conference committee meeting to reconvene on 04-28-26 6:45 PM; Conference Room 309.
Apr 28Conference committee meeting to reconvene on 04-28-26 8:00 PM; Conference Room 309.
Apr 28Conference committee meeting to reconvene on 04-28-26 9:00 PM; Conference Room 309.
Apr 28The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Dela Cruz, Moriwaki, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Apr 28The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 2 Ayes: Representative(s) Todd, Takenouchi; Ayes with reservations: none; 1 Noes: Representative(s) Gedeon; and 0 Excused: none.Minor
Apr 14Passed Third Reading with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Alcos, Cochran, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Shimizu, Souza voting no (10) and Representative(s) Quinlan excused (1). Transmitted to Senate.Passed House
Apr 9Reported from FIN (Stand. Com. Rep. No. 1986-26) 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
Apr 9Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Alcos, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Shimizu, Souza voting no (9) and Representative(s) Cochran excused (1).
Apr 7The 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; Ayes with reservations: Representative(s) Reyes Oda; 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
Apr 2Bill scheduled to be heard by FIN on Tuesday, 04-07-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
Mar 12Pass First ReadingMinor
Mar 12Referred to FIN, referral sheet 17Minor
Mar 10Passed Third Reading, as amended (SD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House.Passed Senate
Vote recorded Passed Third Reading, as amended (SD 1). Result: pass.Upper
Mar 10Received from Senate (Sen. Com. No. 364) in amended form (SD 1).Minor
Mar 6Reported from WAM (Stand. Com. Rep. No. 2965) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
Mar 6Report adopted; Passed Second Reading, as amended (SD 1).Minor
Mar 648 Hrs. Notice 03-10-26.
Mar 5The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Mar 4The committee(s) on WAM deleted the measure from the public hearing scheduled on 03-05-26 10:15AM; CR 211 & Videoconference.
Mar 4The committee(s) on WAM has scheduled a public hearing on 03-05-26 12:00PM; Conference Room 211 & Videoconference (Proposed Draft).
Mar 2The committee(s) on WAM has scheduled a public hearing on 03-05-26 10:15AM; Conference Room 211 & Videoconference.