SB 430 Hawaii Senate · 2025 Regular Session

RELATING TO TAXATION.

SB 430 requires the state Department of Taxation to pay interest on tax refunds at the same rate used by the federal government. This change directly affects taxpayers who receive state tax refunds, ensuring they earn interest comparable to federal rates. The key provision mandates the state match the federal interest rate for all refund payments starting July 1, 2025. The bill does not alter tax rates or filing requirements, only the interest calculation method for refunds.

Issues: ✓ Budget & Taxes

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 16, 2025 Last action Mar 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB430 → SB430_SD1 · 3 edits

MINOR

This bill version (SD1) updates the formatting and metadata of the original legislative text while keeping the core policy language about tax refunds largely the same. The main substantive change is the effective date, which was moved from the original December 31, 2024 to July 1, 2050, though the description still references 2025.

Scope change

The bill's scope remains focused on tax refund procedures and interest rates, but the effective date change significantly alters when the new rules apply.

TIMELINE

The effective date was changed from December 31, 2024 to July 1, 2050, which appears to be a clerical error since the description still mentions 2025.

TECHNICAL

Removed draft metadata, page numbers, and formatting markers from the original document.

Added a new header section with bill number, sponsor names, and version information.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 4, 2025

Committee

Referred to FIN, referral sheet 18

lower

Feb 27, 2025

Introduced

Received from Senate (Sen. Com. No. 25) in amended form (SD 1).

lower

Feb 27, 2025

Upper · Passed

Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 12, 2025

Upper · Passed

The 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, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 7, 2025

Upper · Passed

The committee(s) on WAM has scheduled a public hearing on 02-12-25 10:00AM; Conference Room 211 & Videoconference.

upper

Jan 21, 2025

Committee

Referred to WAM.

upper

Jan 16, 2025

Introduced

Introduced.

upper

1 primary · 0 co-sponsors