HB 286 Hawaii House · 2026 Regular Session

RELATING TO THE INDIVIDUAL HOUSING ACCOUNT PROGRAM.

Summary

For taxable years, beginning 1/1/2026, increases the maximum annual deduction for contributions to, and maximum account levels for, individual housing accounts. Takes effect 7/1/2050. (SD1)

Issues: ✓ Budget & Taxes

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

House Passage

Mar 2025

Senate Passage

Apr 2025

Governor

Introduced Jan 16, 2025 Last action Apr 2, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

HB286_HD2 → HB286_SD1 · 3 edits

MINOR

The bill was updated from a House Draft to a Senate Draft, changing the effective date from July 1, 3000, to July 1, 2050, and the application date from July 1, 2025, to January 1, 2026. Additionally, the bill now explicitly increases the maximum annual deduction and account limits for Individual Housing Accounts, and includes minor grammatical corrections to clarify financial institution requirements and tax liability rules.

Scope change

The bill's scope remains focused on Individual Housing Accounts, but the timeline for when these changes apply has been significantly extended to ensure they take effect in the future.

TIMELINE

The effective date was changed from July 1, 3000, to July 1, 2050, and the application date was moved from July 1, 2025, to January 1, 2026.

REQUIREMENT

The report title and description were updated to explicitly state that the bill increases the maximum annual deduction and maximum account levels for individual housing accounts.

TECHNICAL

Minor grammatical corrections were made to clarify that financial institutions 'shall' actively make loans and to adjust references from 'paragraph' to 'subsection' in specific tax contexts.

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

Amendments

Apr 25, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 4:30 PM; Conference Room 225.

upper

Apr 25, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 3:30 PM; Conference Room 016.

upper

Apr 24, 2025

Lower · Passed

Bill scheduled for Conference Committee Meeting on Friday, 04-25-25 10:15AM in conference room 224.

lower

Apr 17, 2025

Committee

Re-referred to HSG, ECD, FIN, referral sheet 33

lower

Apr 10, 2025

Amended

House disagrees with Senate amendment (s).

lower

Apr 8, 2025

Introduced

Returned from Senate (Sen. Com. No. 613) in amended form (SD 1).

lower

Apr 8, 2025

Upper · Passed

Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Apr 2, 2025

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. 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

Mar 27, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 04-02-25 10:01AM; Conference Room 211 & Videoconference.

upper

Mar 20, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

Mar 20, 2025

Committee

Reported from HOU (Stand. Com. Rep. No. 1181) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Mar 13, 2025

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Aquino, Kanuha; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

upper

Mar 10, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 03-13-25 1:25PM; Conference Room 225 & Videoconference.

upper

Mar 6, 2025

Committee

Referred to HOU, WAM.

upper

Mar 6, 2025

Introduced

Received from House (Hse. Com. No. 206).

upper

Mar 4, 2025

Lower · Passed

Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate.

lower

Feb 25, 2025

Lower · Passed

The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kitagawa, Ward.

lower

Feb 19, 2025

Committee

Re-referred to HSG, FIN, referral sheet 16

lower

Feb 4, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 134) as amended in HD 1, recommending passage on Second Reading and referral to ECD.

lower

Jan 29, 2025

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Cochran.

lower

Jan 21, 2025

Committee

Referred to HSG, ECD, FIN, referral sheet 1

lower

Jan 17, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 16, 2025

Introduced

Pending introduction.

lower

7 primary · 0 co-sponsors