HB 707 Hawaii House · 2026 Regular Session

RELATING TO THE COLLEGE SAVINGS PROGRAM.

Summary

Establishes a state income tax deduction for contributions made to Hawaii 529 accounts through the college savings program and accounts made through the Hawaii ABLE Savings Program. Conforms to the amendments of the Internal Revenue Code that authorize 529 benefits to be used for K-12 educational expenses. Effective 7/1/3000. (HD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 17, 2025 Last action Dec 8, 2025

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What changed between versions

HB707 → HB707_HD1 · 4 edits

MODERATE

This bill was amended to expand its scope by including the Hawaii Achieving a Better Life Experience (ABLE) savings program alongside the existing 529 college savings program. The changes allow state income tax deductions for contributions to both programs and update the bill's title and description to reflect this broader applicability.

Scope change

The bill's scope was expanded from only covering the 529 college savings program to also include the ABLE savings program for individuals with disabilities.

SCOPE

Added eligibility for the Hawaii Achieving a Better Life Experience (ABLE) savings program to the state income tax deduction.

DEFINITION

Updated the section title and statutory language to explicitly reference both the college savings program and the ABLE savings program.

TIMELINE

Changed the effective date of the Act to July 1, 3000, and updated the report description to include the new program and the effective date.

TECHNICAL

Corrected a missing comma in the legislative findings regarding K-12 educational expenses.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 13, 2025

Committee

Reported from HED/EDN (Stand. Com. Rep. No. 571) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 11, 2025

Lower · Passed

The committee on EDN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Woodson, La Chica, Amato, Evslin, Garrett, Kapela, Olds, Sayama, Muraoka, Souza; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Kila.

lower

Feb 11, 2025

Lower · Passed

The committee on HED recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Garrett, Amato, Evslin, Kapela, La Chica, Olds, Sayama, Woodson, Muraoka, Souza; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Kila.

lower

Jan 27, 2025

Committee

Re-referred to HED/EDN, FIN, referral sheet 4

lower

Jan 21, 2025

Committee

Referred to HED, FIN, referral sheet 2

lower

Jan 21, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 17, 2025

Introduced

Pending introduction.

lower

1 primary · 0 co-sponsors