summary
Introduced
01/23/2026
01/23/2026
In Committee
01/28/2026
01/28/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Increases the capital gains tax rate for individuals, estates, and trusts to nine per cent. Increases the alternative capital gains tax for corporations to five per cent.
AI Summary
This bill, effective July 1, 2026, increases the capital gains tax rate for individuals, estates, and trusts from 7.25% to 9% on taxable income exceeding certain thresholds, and also raises the alternative capital gains tax rate for corporations from 4% to 5% on net capital gains. Capital gains refer to profits made from selling assets like stocks or real estate, and this bill adjusts the tax applied to these profits.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to WAM. (on 01/28/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2587&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2587_.HTM |
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