For taxable years beginning after 12/31/2024, requires all qualified members claiming a credit for pass-through entity taxation to adjust their income to include the qualified member's share of taxes paid by an electing pass-through entity. Effective July 1, 3000. (HD1)
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More on this bill
Where it stands
Introduced
Passed Senate
Passed House
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Apr 15Received notice of appointment of House conferees (Hse. Com. No. 731).Latest
Apr 10Received from House (Hse. Com. No. 694).Minor
Apr 10Senate disagrees with House amendments.Minor
Apr 10Received notice of disagreement (Sen. Com. No. 779).Minor
Apr 8Passed Third Reading with none voting aye with reservations; Representative(s) Garcia, Muraoka, Shimizu voting no (3) and Representative(s) Cochran excused (1). Transmitted to Senate.Passed House
Apr 4Reported from FIN (Stand. Com. Rep. No. 1947) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
Apr 4Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Kapela excused (2).
Mar 27The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 3 Excused: Representative(s) Hussey, Alcos, Ward.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Mar 24Bill scheduled to be heard by FIN on Thursday, 03-27-25 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
Feb 28Referred to FIN, referral sheet 17Minor
Feb 19Pass First ReadingMinor
Feb 18Passed Third Reading, as amended (SD 1). Ayes, 22; Aye(s) with reservations: none . Noes, 0 (none). Excused, 3 (Senator(s) DeCoite, Gabbard, San Buenaventura). Transmitted to House.Passed Senate
Vote recorded Passed Third Reading, as amended (SD 1). Result: pass.Upper
Feb 18Received from Senate (Sen. Com. No. 4) in amended form (SD 1).Minor
Feb 14Reported from WAM (Stand. Com. Rep. No. 547) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
Feb 14Report adopted; Passed Second Reading, as amended (SD 1).Minor
Feb 1448 Hrs. Notice 02-18-25.
Feb 12The 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, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., 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
Feb 7The committee(s) on WAM has scheduled a public hearing on 02-12-25 10:00AM; Conference Room 211 & Videoconference.