HB 1695 expands an existing tax credit for renewable fuel producers, allowing them to claim additional credits for fuels produced after December 31, 2025. This bill directly affects businesses manufacturing renewable fuels like ethanol or biodiesel by increasing their potential tax savings. The key provision extends the credit to taxable years beginning after 2025, with an effective date listed as July 1, 3000 (likely a typo for 2030). The bill is currently pending before the TRN committee, having been deferred for further review in February 2026, and has not yet become law.
Requires the Department of Transportation to establish a clean vehicle rebate program to provide rebates for the purchase or lease of new and used zero-emission vehicles and plug-in hybrid electric vehicles. Establishes the clean vehicle special fund. Beginning 1/1/2027, establishes a transportation affordability and energy security tax. Effective 7/1/3000. (HD2)
Establishes and appropriates funds into and out of the Hawaii Employer-Led Sector Partnerships Special Fund. Requires the Department of Business, Economic Development, and Tourism to coordinate its sector partnership activities with the Workforce Development Council. Effective 7/1/3050. (SD1)
Provides a general excise tax exemption for the sale of material, parts, or tools used for aircraft service and maintenance or for the construction of an aircraft service and maintenance facility. Effective 7/1/3000. (HD1)
HB 2604 would add a small surcharge to the price of tickets for certain live performing arts events held in the state, such as theater, dance, or music performances. This fee would directly affect ticket buyers attending those specific events. The bill establishes a new fee structure where the surcharge is collected by the ticket seller and added to the final ticket price. The exact amount and specific event types covered aren't detailed in the provided abstract, but the surcharge applies only to events occurring within the state.
Establishes a Green Fee Special Fund to receive an allocation of green fee revenues. Establishes various special funds to receive allocations of green fee revenues. Requires the Governor to request, through a bill separate from the budget or supplemental budget, an amount that approximates green fee revenues subtracted from the amounts allocated to the various funds to be expended for certain climate change and tourism destination management projects. Effective 7/1/3000. (HD1)
Authorizes building permit variances for certain high-efficiency electric water heating systems utilizing heat pump technology. Effective 7/1/3000. (HD1)
By 1/1/2029, requires the Department of Labor and Industrial Relations to establish a family and medical leave insurance program and begin collecting payroll contributions to finance payment of benefits. By 1/1/2030, requires the Department to begin receiving claims and paying benefits under the program. Specifies eligibility requirements and employee protections under the program. Excludes paid family and medical leave benefits from income tax. Effective 7/1/3000. (HD2)
Taxes capital gains tax for individuals, estates, and trusts as ordinary income, except for capital gains that are eligible for a county homeowner's exemption. Repeals the alternative capital gains tax for corporations. Applies to taxable years beginning after 12/31/2026. Effective 7/1/3000. (HD2)
Repeals future adjustments to income tax brackets. For taxable years beginning after 12/31/2026, increases the income tax rates for the three highest income tax brackets by one percentage point each. Increases a taxpayer's applicable percentage of employment-related expenses that is used to calculate the household and dependent care services tax credit. Establishes certain disallowance periods following a final decision that a claim for the credit was due to fraud and that the claim was disallowed. Extends the sunset for amendments made by Act 163, SLH 2023, to the Household and Dependent Care Services Tax Credit, Earned Income Tax Credit, and Food/Excise Tax Credit. Effective 7/1/3000. (HD1)
