HawaiiRELATING TO TAXATION.
What it does
Imposes conveyance tax on the transfer of a controlling interest of an entity with an interest in real property. Stipulates that the imposition of the conveyance tax on transfers of entity ownership shall not apply to any transfer of interest or acquisition between entities wholly owned by the same common ownership that results in no change in the beneficial ownership. Imposes the conveyance tax on certain transfers of real property at the lowest tax rate.
More detail
Imposes liability on the transferee in the event that the transferor of the controlling interest does not pay the tax due. Effective 1/1/3028. (SD1)
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 30Reported from WLA (Stand. Com. Rep. No. 3249) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.Latest
- Mar 30Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
- Mar 18The committee(s) on WLA recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WLA were as follows: 4 Aye(s): Senator(s) Lee, C., Inouye, Chang, Lamosao; Aye(s) with reservations: none ; 1 No(es): Senator(s) DeCorte; and 0 Excused: none.Minor
- Vote recorded The committee(s) on WLA recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Mar 16The committee(s) on WLA deferred the measure until 03-18-26 1:05PM; Conference Room 224 & Videoconference.Minor
- Mar 12The committee(s) on WLA has scheduled a public hearing on 03-16-26 1:00PM; Conference Room 224 & Videoconference.
- Mar 10Referred to WLA, WAM.Minor
- Mar 6Received from House (Hse. Com. No. 61).Minor
- Mar 6Passed First Reading.Minor
- Mar 5Reported from FIN (Stand. Com. Rep. No. 890-26), recommending passage on Third Reading.
- Vote recorded Passed Third Reading. Result: pass.Lower
- Mar 5Passed Third Reading with none voting aye with reservations; Representative(s) Alcos, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Reyes Oda, Shimizu voting no (9) and Representative(s) Perruso excused (1). Transmitted to Senate.Passed House
- Mar 3The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita; Ayes with reservations: Representative(s) Gedeon, Reyes Oda; 1 Noes: Representative(s) Alcos; and Excused: none.Minor
- Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
- Feb 27Bill scheduled to be heard by FIN on Tuesday, 03-03-26 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
- Feb 12Reported from WAL (Stand. Com. Rep. No. 243-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
- Vote recorded Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN. Result: pass.Lower
- Feb 12Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Alcos, Garcia, Gedeon, Matsumoto, Muraoka, Pierick, Shimizu voting no (7) and none excused (0).Minor
- Feb 5The committee on WAL recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Hashem, Morikawa, Belatti, Ichiyama, Poepoe, Woodson, Souza; Ayes with reservations: none; 1 Noes: Representative(s) Shimizu; and 1 Excused: Representative(s) Iwamoto.Minor
- Vote recorded The committee on WAL recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Feb 2Bill scheduled to be heard by WAL on Thursday, 02-05-26 9:00AM in House conference room 411 VIA VIDEOCONFERENCE.
- Jan 28Referred to WAL, FIN, referral sheet 3Minor
- Jan 26Introduced and Pass First Reading.Minor
- Jan 23Pending introduction.Introduced