summary
Introduced
01/26/2026
01/26/2026
In Committee
01/26/2026
01/26/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Requires that income tax credits existing on 12/31/2026 include a sunset on 12/31/2030. Requires that income tax credits established or renewed after 12/31/2026 include a sunset 7 years after the date of enactment or renewal of the tax credit. Provides for exceptions.
AI Summary
This bill mandates that all income tax credits, which are reductions in the amount of tax an individual or business owes, will have a predetermined expiration date, known as a "sunset." Specifically, any income tax credits that are already in effect as of December 31, 2026, will automatically expire on December 31, 2030. For any new income tax credits created or any existing ones renewed after December 31, 2026, they will expire seven years from the date they are established or renewed. However, there are exceptions to this rule, as this provision will not apply to a specific tax credit identified as section 235-15 or to any income tax credits that are part of a section of law labeled "part III" of the relevant chapter.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
The committee(s) on ECD recommend(s) that the measure be deferred. (on 02/11/2026)
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=HB&billnumber=1843&year=2026 |
| HB1843_TESTIMONY_ECD_02-11-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/HB1843_TESTIMONY_ECD_02-11-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/HB1843_.HTM |
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