SB 492 Hawaii Senate · 2026 Regular Session

RELATING TO GENERAL EXCISE TAX.

Summary

Authorizes each county that has established a surcharge on state tax before 7/1/2015 to extend the surcharge until 12/31/2045, at the same rates, if the county does so before 1/1/2028. Provides that no county surcharge on state tax authorized for a county that has not established a surcharge on state tax before 7/1/2015, shall be levied before 1/1/2019, or after 12/31/2045. Repeals certain conditions on the use of surcharges for housing infrastructure costs. Effective 5/13/2040. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 17, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB492 → SB492_SD1 · 3 edits

MINOR

This bill updates the metadata and effective date of a tax extension law, changing the enactment from the 2024 session to the 2025 session (SD1) with a new effective date of May 13, 2040. The core policy regarding county surcharges on state general excise taxes remains substantively unchanged, though minor formatting adjustments were made to the text describing housing infrastructure cost limitations.

Scope change

The bill's applicability and scope remain identical to the previous version; no new counties or tax rates were added or removed.

TIMELINE

The bill's effective date was changed from 'upon approval' to a fixed date of May 13, 2040.

TECHNICAL

Header metadata was updated to reflect the 2025 legislative session and new revision numbers.

Minor punctuation and spacing adjustments were made to the text regarding housing infrastructure cost provisions.

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

Feb 14, 2025

Upper · Passed

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

upper

Feb 14, 2025

Committee

Reported from EIG (Stand. Com. Rep. No. 578) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 11, 2025

Upper · Passed

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

upper

Feb 7, 2025

Upper · Passed

The committee(s) on EIG has scheduled a public hearing on 02-11-25 3:20PM; Conference Room 016 & Videoconference.

upper

Jan 21, 2025

Committee

Referred to EIG, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

2 primary · 0 co-sponsors