Requires that income tax credits existing on 12/31/2025 or established or renewed after 12/31/2025 include a 5-year sunset or an annual one-third reduction, beginning with the 6th year of the credit. (CD1)
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More on this bill
Where it stands
Introduced
Passed House
Passed Senate
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Jul 3Vetoed on 07/03/2025 - Returned from the Governor Josh Green without approval (Gov. Msg. No. 1400).Latest
Jul 3Vetoed (Gov. Msg. No. 1400).Major
Jun 6Notice of Intent to veto dated 06/06/2025 (Gov. Msg. No. 1301)
Jun 6Notice of intent to veto (Gov. Msg. No. 1301)
May 2Received notice of passage on Final Reading in House (Hse. Com. No. 821).Minor
May 1Received notice of Final Reading (Sen. Com. No. 888).Minor
May 1Transmitted to Governor.
Apr 30Passed Final Reading, as amended (CD 1). Ayes, 23; Aye(s) with reservations: Senator(s) San Buenaventura. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none).Major
Vote recorded Passed Final Reading, as amended (CD 1). Result: pass.Upper
Apr 30Passed Final Reading as amended in CD 1 with Representative(s) Kila, Lamosao, Marten voting aye with reservations; Representative(s) Alcos, Amato, Belatti, Evslin, Garcia, Garrett, Grandinetti, Hussey, Ilagan, Iwamoto, Kapela, La Chica, Lowen, Matsumoto, Muraoka, Perruso, Pierick, Poepoe, Reyes Oda, Shimizu, Souza, Tam voting no (22) and Representative(s) Cochran excused (1).Major
Apr 25Reported from Conference Committee (Conf Com. Rep. No. 245) as amended in (CD 1).
Apr 25Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 245).
Apr 2548 Hrs. Notice (as amended CD 1) 04-30-25
Apr 23The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Yamashita, Ilagan; Ayes with reservations: Representative(s) Matsumoto; 0 Noes: none; and 0 Excused: none.
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 23The 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) Hashimoto, Moriwaki, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Apr 22Bill scheduled for Conference Committee Meeting on Wednesday, 04-23-25 10:30AM in conference room 309.
Apr 21Received notice of appointment of House conferees (Hse. Com. No. 755).Minor
Apr 11Received notice of disagreement (Hse. Com. No. 704).Minor
Apr 10House disagrees with Senate amendment (s).Minor
Apr 8Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: Senator(s) McKelvey, Moriwaki, San Buenaventura. Noes, 1 (Senator(s) Awa). Excused, 0 (none). Transmitted to House.Passed Senate
Vote recorded Passed Third Reading, as amended (SD 1). Result: pass.Upper
Apr 8Returned from Senate (Sen. Com. No. 678) in amended form (SD 1).
Apr 3Reported from WAM (Stand. Com. Rep. No. 1668) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
Apr 3Report adopted; Passed Second Reading, as amended (SD 1).Minor
Apr 348 Hrs. Notice 04-08-25.
Apr 1The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) DeCoite, Wakai.Minor
Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Mar 28The committee(s) on WAM deferred the measure until 04-01-25 10:00AM; Conference Room 211 & Videoconference.Minor
Mar 25The committee(s) on WAM has scheduled a public hearing on 03-28-25 10:00AM; Conference Room 211 & Videoconference.
Mar 4Received from House (Hse. Com. No. 127).Minor
Mar 4Passed First Reading.Minor
Mar 4Referred to WAM.Minor
Feb 28Reported from FIN (Stand. Com. Rep. No. 986), recommending passage on Third Reading.
Feb 28Passed Third Reading with Representative(s) Amato, Belatti, Grandinetti, Kapela, Perruso, Souza voting aye with reservations; Representative(s) Alcos, Garcia, Iwamoto, Matsumoto, Muraoka, Reyes Oda, Shimizu voting no (7) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.Passed House
Feb 24The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Holt, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo; Ayes with reservations: Representative(s) Grandinetti, Hussey, Reyes Oda; 1 Noes: Representative(s) Alcos; and 1 Excused: Representative(s) Ward.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
Feb 21Bill scheduled to be heard by FIN on Monday, 02-24-25 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
Feb 11Reported from ECD (Stand. Com. Rep. No. 337) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
Feb 11Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Perruso voting aye with reservations; Representative(s) Alcos, Garcia, Muraoka, Pierick voting no (4) and Representative(s) Cochran, Ward excused (2).Minor
Feb 7The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Holt, Templo, Todd; Ayes with reservations: Representative(s) Hussey, Tam, Matsumoto; Noes: none; and Excused: none.Minor
Vote recorded The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Feb 4Bill scheduled to be heard by ECD on Friday, 02-07-25 10:15AM in House conference room 423 VIA VIDEOCONFERENCE.