RELATING TO THE ESTATE AND GENERATION-SKIPPING TRANSFER TAX.
Summary
Establishes an unrealized gains surcharge on certain property transfers subject to the estate and generation-skipping transfer tax. Except for certain types of properties within estates, lowers the applicable exclusion amount allowed. Effective 7/1/3000. (HD1)
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2026
Committee Review
Mar 2026
House Passage
Mar 2026
Senate Passage
Governor
Introduced Jan 26, 2026
Last action Mar 12, 2026
Maddy AI version diff · 1 comparison
What changed between versions
HB2148
→
HB2148_HD1
·
3 edits
MINOR
This bill version updates the internal tracking metadata, such as the author name and file references, but retains the core legislative text. The most significant substantive change is a modification to the effective date, shifting the bill's implementation from July 1, 2026, to July 1, 3000, which would delay the enforcement of the new unrealized gains surcharge by over 700 years.
Scope change
The bill's scope regarding the estate and generation-skipping transfer tax remains unchanged, but its applicability timeline has been drastically altered.
TIMELINE
The effective date for the new unrealized gains surcharge was changed from July 1, 2026, to July 1, 3000.
TECHNICAL
The bill title was updated to include 'HD1', indicating it is the first version reviewed by the House of Representatives.
The author name was changed from Jeremy Patton to Chris Kobayashi, and associated file metadata was updated.
Floor votes
How they voted
This bill passed the House by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
13
Key actions
2
Committee
3
Mar 12, 2026
Committee
Referred to WAM.
upper
Mar 12, 2026
Introduced
Received from House (Hse. Com. No. 366).
upper
Mar 10, 2026
Lower · Passed
Passed Third Reading with Representative(s) Souza voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Reyes Oda, Shimizu voting no (10) and none excused (0). Transmitted to Senate.
lower
Mar 4, 2026
Lower · Passed
The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Reyes Oda; Ayes with reservations: none; 2 Noes: Representative(s) Alcos, Gedeon; and Excused: none.
lower
Jan 30, 2026
Committee
Referred to FIN, referral sheet 5
lower
Jan 28, 2026
Introduced
Introduced and Pass First Reading.
lower
Jan 26, 2026
Introduced
Pending introduction.
lower
8 primary · 0 co-sponsors
Sponsors
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