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Legislative record

SB 313STATE · HawaiiIntroduced

RELATING TO A WEALTH ASSET TAX.

Beginning January 1, 2030, establishes a wealth asset tax of one per cent of the state net worth of each individual taxpayer who holds $20,000,000 or more in assets in the State. Effective 4/23/2057. (SD1)

Voted 12/8/2025View source

Roll-call record

How representatives voted

5 yea·0 nay

Docket history

Action history

  1. 12/8/2025Carried over to 2026 Regular Session.
  2. 2/12/2025Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
  3. 2/12/2025Reported from JDC (Stand. Com. Rep. No. 359) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
  4. 1/30/2025The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Awa; Aye(s) with reservations: Senator(s) Chang, San Buenaventura ; 0 No(es): none; and 0 Excused: none.
  5. 1/27/2025The committee(s) on JDC has scheduled a public hearing on 01-30-25 9:15AM; Conference Room 016 & Videoconference.
  6. 1/21/2025Referred to JDC, WAM.
  7. 1/15/2025Introduced and passed First Reading.
  8. 1/14/2025Pending Introduction.