SB 2805 Hawaii Senate · 2026 Regular Session

RELATING TO AGRICULTURE.

Summary

Establishes a nonrefundable income tax credit to incentivize significant investment in agricultural production and support the expansion of agricultural crops that take longer to become productive. Applies to taxable years beginning after 12/31/2026. Sunsets 1/1/2031. Effective 7/1/3000. (HD1)

Issues: ✓ Budget & Taxes

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Apr 2026

Senate Passage

Mar 2026

House Passage

Apr 2026

Governor

Introduced Jan 23, 2026 Last action Apr 20, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

SB2805_SD1 → SB2805_SD2 · 4 edits

MODERATE

This bill revision updates the bill's session designation from the 1st to the 2nd session of the 33rd Legislature and adjusts associated metadata. Substantively, it adds new administrative requirements for taxpayers to prequalify projects and submit sworn statements to the Agribusiness Development Corporation. It also introduces a five-year limit on carrying forward unused tax credits, whereas the previous version allowed indefinite carryovers.

Scope change

The bill's scope remains focused on the Agricultural Investment Tax Credit, but the administrative process for claiming it has been expanded to include pre-qualification and reporting steps.

REQUIREMENT

Added a requirement for taxpayers to prequalify projects with the Agribusiness Development Corporation before incurring costs.

Added a requirement for taxpayers to submit a sworn statement identifying costs and project details within 90 days after the end of each taxable year.

TIMELINE

Modified the tax credit carryforward period from an indefinite duration to a maximum of five years after the costs are incurred.

TECHNICAL

Updated the bill header to reflect the 2nd session (SD2) and revised internal tracking numbers and dates.

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 10, 2026

Amended

Senate disagrees with House amendments.

upper

Apr 10, 2026

Introduced

Received from House (Hse. Com. No. 520).

upper

Apr 9, 2026

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1). Transmitted to Senate.

lower

Apr 7, 2026

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Morikawa.

lower

Mar 24, 2026

Committee

Reported from AGR (Stand. Com. Rep. No. 1391-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 20, 2026

Lower · Passed

The committee on AGR recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Chun, Kusch, Kahaloa, Lowen, Perruso, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Quinlan.

lower

Mar 12, 2026

Committee

Referred to AGR, FIN, referral sheet 17

lower

Mar 10, 2026

Introduced

Received from Senate (Sen. Com. No. 300) in amended form (SD 2).

lower

Mar 10, 2026

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Mar 3, 2026

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

upper

Feb 23, 2026

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-25-26 10:57AM; Conference Room 211 & Videoconference.

upper

Feb 20, 2026

Upper · Passed

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

upper

Feb 20, 2026

Committee

Reported from AEN (Stand. Com. Rep. No. 2496) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 13, 2026

Upper · Passed

The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in AEN were as follows: 4 Aye(s): Senator(s) Gabbard, Richards, Rhoads, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) DeCoite.

upper

Feb 10, 2026

Upper · Passed

The committee(s) on AEN has scheduled a public hearing on 02-13-26 3:10PM; CR 224 & Videoconference.

upper

Jan 30, 2026

Committee

Referred to AEN, WAM.

upper

Jan 23, 2026

Introduced

Introduced.

upper

4 primary · 1 co-sponsor