HB2429 House Bill

Passed

2026-03-10

Relating To Tax Expenditure Evaluation.

Requires the filing of tax expenditure disclosure forms to the Department of Taxation to be used by the Department of Business, Economic Development, and Tourism for evaluation as a condition for claiming certain income tax credits and general excise and use tax exemptions. Applies to tax years beginning after 12/31/2026. Effective 7/1/3050. (SD1)

Bill Details

State

Hawaii

Session

2026 Regular Session

Chamber

House

Committee

Ways and Means

Official Source

www.capitol.hawaii.gov/session/measure_ind...

LegiScan

View on LegiScan

Action History

2026-03-30 S Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

2026-03-30 S Reported from EDT (Stand. Com. Rep. No. 3347) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

2026-03-24 S The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Kim, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fukunaga.

2026-03-20 S The committee(s) on EDT has scheduled a public hearing on 03-24-26 1:04PM; Conference Room 229 & Videoconference.

2026-03-12 S Referred to EDT, WAM.

2026-03-12 S Passed First Reading.

2026-03-12 S Received from House (Hse. Com. No. 417).

2026-03-10 H Passed Third Reading as amended in HD 2 with Representative(s) Gedeon, Shimizu voting aye with reservations; Representative(s) Alcos, Garcia, Muraoka voting no (3) and Representative(s) Pierick excused (1). Transmitted to Senate.

2026-03-06 H Forty-eight (48) hours notice Tuesday, 03-10-26.

2026-03-06 H Reported from FIN (Stand. Com. Rep. No. 1115-26) as amended in HD 2, recommending passage on Third Reading.

2026-03-04 H The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Reyes Oda; Ayes with reservations: Representative(s) Alcos, Gedeon; Noes: none; and Excused: none.

2026-03-02 H Bill scheduled for decision making on Wednesday, 03-04-26 10:00AM in conference room 308 VIA VIDEOCONFERENCE.

2026-03-02 H The committee(s) on FIN recommend(s) that the measure be deferred until 03-04-26.

2026-02-27 H Bill scheduled to be heard by FIN on Monday, 03-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.

2026-02-18 H Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).

2026-02-18 H Reported from ECD (Stand. Com. Rep. No. 417-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

2026-02-13 H The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Yamashita, Gedeon; Ayes with reservations: none; Noes: none; and Excused: none.

2026-02-10 H Bill scheduled to be heard by ECD on Friday, 02-13-26 8:30AM in House conference room 423 VIA VIDEOCONFERENCE.

2026-02-02 H Referred to ECD, FIN, referral sheet 6

2026-01-28 H Introduced and Pass First Reading.

2026-01-27 H Pending introduction.

Votes

2026-03-24 Senate Economic Development and Technology: Passed, With Amendments Yea: 4 Nay: 0

Committee Referrals

2026-02-02 H Economic Development

2026-02-18 H Finance

2026-03-12 S Economic Development and Technology

2026-03-30 S Ways and Means

Bill Text Versions

2026-01-27 Introduced

2026-02-17 Amended

2026-03-07 Amended

2026-03-27 Amended

Subjects

DBEDT DOTAX Taxation Tax Expenditure Disclosure and Evaluation Income Tax Credits General Excise and Related Use Tax Exemptions