Budget & Taxes (Tax Incentives)

in committee · Hawaii · Senate Jan 22, 2026

SB 2028: RELATING TO THE AQUACULTURE INVESTMENT TAX CREDIT.

For taxable years beginning after 12/31/2026, establishes a 5-year aquaculture investment tax credit for taxpayers that incur qualifying investment costs relating to qualified aquaculture businesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax credit for aquaculture investments, providing tax relief to qualifying businesses per bill summary.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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passed · Hawaii · Senate Feb 12, 2026

SB 2796: RELATING TO TAXATION.

Imposes the manufacturing general excise tax rate on motion picture, digital media, and film productions and repeals the provision in the definition of "qualified production costs" that applied the term to mean costs incurred that are subject to the highest general excise tax rate. Exempts from the general excise tax amounts received by a motion picture project employer from a client company equal to amounts that are disbursed by the motion picture project employer for employee wages, salaries, payroll taxes, insurance premiums, and employment benefits and payments to loan-out companies. Effective 1/1/2050. (SD1)

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts employee wages from tax for motion picture employers, creating a tax break for industry, reducing government revenue.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts employee wages/salaries from tax, directly reducing tax burden on labor costs for film workers.85% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · Hawaii · House Dec 8, 2025

HB 1215: RELATING TO GENERAL EXCISE TAX EXEMPTION.

Exempts from the general excise tax, amounts received by a contractor for contracting work performed in a county having a population of more than one hundred twenty-five thousand but less than one hundred eighty-five thousand.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts contractors from general excise tax, providing tax relief per support indicators for business tax policy.85% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · Hawaii · Senate Dec 8, 2025

SB 1241: RELATING TO GENERAL EXCISE TAX EXEMPTION.

SB 1241 establishes a general excise tax exemption for specific medical services, including dental care, meaning providers of these services would no longer pay the standard excise tax on them. The bill directly affects medical providers who offer qualifying services like dental care by removing their tax obligation. Key provisions define which medical services qualify for the exemption, creating a clear policy change in tax treatment. This is a concrete policy adjustment focused solely on tax relief for covered healthcare services.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax exemption for medical services, reducing provider tax burden and aligning with tax relief indicators for qualifying services.95% confidence ✓ HealthcareSupports HealthcareExempts dental and medical services from excise tax, reducing provider costs and improving access to care by lowering financial barriers for qualifying services.90% confidence

Sub-Topics Sales Tax Tax Incentives

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passed · Hawaii · Senate Dec 8, 2025

SB 338: RELATING TO TAXATION.

For taxable years beginning after 12/31/2025, temporarily reinstates the Technology Infrastructure Renovation Tax Credit and expands the definition of "technology-enabled infrastructure" to include data servers. Requires the Department of Taxation to submit a report to the Legislature. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesReinstates tax credit for tech infrastructure, providing tax relief to businesses and expanding eligibility for data servers.90% confidence

Sub-Topics Tax Credits Tax Incentives

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