Budget & Taxes

in committee · Hawaii · House Dec 8, 2025

HB 1273: RELATING TO TAXATION OF REAL ESTATE INVESTMENT TRUSTS.

HB 1273 removes a tax deduction for real estate investment trusts (REITs) by disallowing their "dividends-paid deduction" for tax purposes. This change directly affects REITs operating in the state, requiring them to pay tax on income they previously could offset with this deduction. The policy takes effect for taxable years starting after December 31, 2025. The bill is currently pending in the 2026 legislative session.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves tax deduction for REITs, increasing state revenue by closing a tax loophole per bill summary.90% confidence

Sub-Topics Business Taxes

Track

in committee · Hawaii · House Jan 26, 2026

HB 1677: RELATING TO CAPITAL IMPROVEMENT PROJECTS FOR THE BENEFIT OF THE THIRTY-FIRST REPRESENTATIVE DISTRICT.

HB 1677 appropriates state funds for capital improvement projects within the Thirty-First Representative District. This bill directly affects residents and local infrastructure in that specific district by allocating resources for projects like building repairs or facility upgrades. The bill is in its early stages, having been introduced and referred to committee in January 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates state funds for district infrastructure, directly allocating budget resources for capital projects per bill's summary and subjects.95% confidence

Sub-Topics Appropriations State Budget

Track

in committee · Hawaii · House Feb 2, 2026

HB 2477: RELATING TO CAPITAL IMPROVEMENT PROJECTS FOR THE BENEFIT OF THE FIFTEENTH, SIXTEENTH, AND SEVENTEENTH REPRESENTATIVE DISTRICTS.

HB 2477 allocates state funds for capital improvement projects (such as infrastructure or facility upgrades) specifically within the 15th, 16th, and 17th Representative Districts. The bill directly affects residents and local governments in those districts by providing financial resources for physical improvements. It is a funding measure, not a new law, and its provisions involve directing state capital funds to designated geographic areas for approved projects. The bill was introduced on January 27, 2026, and referred to the Finance Committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates state capital funds for infrastructure projects in specific districts, directly increasing targeted government spending under budget allocation.95% confidence ✓ TransportationSupports TransportationAllocates state funds for capital infrastructure projects (roads/facilities) in specified districts, directly funding transportation infrastructure improvements as defined in the topic.90% confidence

Sub-Topics Appropriations State Budget

Track

in committee · Hawaii · House Dec 8, 2025

HB 179: RELATING TO INCOME TAX.

Makes permanent the amendments made by Act 163, SLH 2023, to the state earned income tax credit and refundable food/excise tax credit. Amends the income thresholds and credit amounts for the low-income household renters tax credit and refundable food/excise tax credit. Amends the state earned income tax credit. Applies to taxable years beginning after 12/31/2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes permanent EITC and refundable tax credits for low-income households, providing direct tax relief. Aligns with support indicators for middle/lower income tax relief.95% confidence

Sub-Topics Income Tax Sales Tax Tax Credits

Track

in committee · Hawaii · Senate Jan 21, 2026

SB 241: RELATING TO STATE FINANCES.

Establishes the Climate Health and Environmental Action Special Fund in the Department of Land and Natural Resources to minimize the impacts of, and respond to, climate crises, which, beginning 1/1/2026, will be funded by a $25 tax on transient accommodations. Exempts certain housing used for emergencies during a state disaster from the Transient Accommodations Tax. Appropriates funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes $25 tax on transient accommodations to fund Climate Health Fund, advancing climate program appropriations under state budget.95% confidence ✓ EnvironmentSupports EnvironmentCreates Climate Health and Environmental Action Special Fund with dedicated $25 tax funding to minimize climate crisis impacts, directly advancing environmental protection through new funding mechanism.95% confidence

Sub-Topics State Budget

Track

in committee · Hawaii · Senate Dec 8, 2025

SB 1330: RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.

Increases the cap for awards to assist businesses applying for the Small Business Innovation Research Grant Program and the Small Business Technology Transfer Grant Program of the Hawaii Technology Development Corporation. Adds purchasing of renewable energy systems as an eligible expense and clarifies that training on both new and existing manufacturing equipment is an eligible expense for the Manufacturing Development Grant Program. Clarifies that no tax credit is available for renewable energy systems purchased with a grant received under the Manufacturing Development Grant Program.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases grant award caps and expands eligible expenses for state business development programs, advancing fiscal support through targeted government spending.85% confidence ✓ EnergySupports EnergyAdds renewable energy systems as eligible expense for grants, directly promoting adoption through funding mechanisms.95% confidence ✓ TechnologySupports TechnologyIncreases grant funding caps for tech innovation programs and expands eligible expenses including renewable energy systems for businesses.95% confidence

Sub-Topics Procurement Tax Credits Renewable Energy

Track

in committee · Hawaii · Senate Dec 8, 2025

SB 1574: RELATING TO TAXATION.

Amends provisions relating to the Motion Picture, Digital Media, and Film Production Income Tax Credit. Increases the percentage of the qualified production costs that can be claimed by a qualified production company in different counties. Clarifies the distribution requirements of the tax credit. Increases the cap amount and aggregate cap amount of the tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit percentage and caps for film production, providing tax relief to industry. Explicitly expands tax incentive program.95% confidence

Sub-Topics Income Tax Tax Credits

Track