HawaiiRELATING TO TAXATION.
What it does
Establishes a nonrefundable individual income tax credit for a certain percentage of expenses paid to retrofit a residence with wind resistive devices or to purchase, install, or construct, a hurricane shelter on the taxpayer's property. Reduces the general excise tax rate on the gross proceeds or income from the sale of a concrete high-rise certified hurricane-resistant residential project or certain hurricane-resistant components of the project. Applies to taxable years beginning after 12/31/2026.
More detail
Sunsets 12/31/2030. Effective 7/1/2050. (SD1)
Where do you stand?
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 20Reported from CPN (Stand. Com. Rep. No. 2652) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.Latest
- Feb 20Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
- Feb 18The 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, Lamosao, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.Minor
- Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Feb 13The committee(s) on CPN has scheduled a public hearing on 02-18-26 9:30AM; Conference Room 229 & Videoconference.
- Jan 30Referred to CPN, WAM.Minor
- Jan 26Passed First Reading.Minor
- Jan 23Introduced.Introduced