Heard

Sign InJoin Heard

Legislative record

SB 1033STATE · HawaiiIntroduced

RELATING TO TAXATION.

Establishes an excise tax on certain taxpayers who own excess single-family residences for failure to sell those residences. Establishes and allocates excise tax revenues to the Housing Downpayment Trust Fund. Requires annual reports to the Legislature. Applies to taxable years beginning after 12/31/2026. Effective 7/1/2050. (SD2)

Voted 12/8/2025

Roll-call record

How representatives voted

27 yea·0 nay·1 other

Docket history

Action history

  1. 12/8/2025Carried over to 2026 Regular Session.
  2. 3/6/2025Referred to HSG, FIN, referral sheet 19
  3. 3/6/2025Pass First Reading
  4. 3/4/2025Received from Senate (Sen. Com. No. 242) in amended form (SD 2).
  5. 3/4/2025Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: Senator(s) Fevella, Ihara, Inouye, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House.
  6. 2/28/202548 Hrs. Notice 03-04-25.
  7. 2/28/2025Reported from WAM/JDC (Stand. Com. Rep. No. 1045) with recommendation of passage on Third Reading, as amended (SD 2).
  8. 2/26/2025The 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, Chang, Awa; Aye(s) with reservations: Senator(s) San Buenaventura ; 0 No(es): none; and 0 Excused: none.
  9. 2/26/2025The 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, Aquino, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Lee, C., Wakai; Aye(s) with reservations: Senator(s) Moriwaki, DeCoite, Kim, Fevella ; 0 No(es): none; and 0 Excused: none.
  10. 2/21/2025The committee(s) on WAM/JDC will hold a public decision making on 02-26-25 10:05AM; Conference Room 211 & Videoconference.