Bill > HB1807

This bill establishes a new three percent income surtax, or an additional tax, on a portion of a taxpayer's income that exceeds certain thresholds, depending on their filing status: $1,000,000 for those filing jointly, $750,000 for heads of household or surviving spouses, and $500,000 for unmarried individuals or those filing separately. The director of taxation will annually adjust these income thresholds to account for inflation, similar to how federal income tax brackets are adjusted. The revenue generated from this surtax is designated for public education and transportation purposes, with legislative approval required for its expenditure, and the director of taxation will report the total collected revenue each year. This new tax will apply to taxable years beginning after December 31, 2025.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1807&year=2026