Bill > HB2008

This bill establishes a new, higher income tax bracket for individuals and married couples filing jointly, effective for taxable years beginning after December 31, 2029. The bill aims to address growing income inequality by ensuring that higher-income earners contribute a more proportionate share of taxes, which can then fund public investments and services that benefit all residents. The legislation amends existing tax tables to reflect this new bracket, which will apply to incomes exceeding $1,900,000 for joint filers, $1,425,000 for heads of households, and $950,000 for single filers, with a top marginal tax rate of 16% on income above these thresholds.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2008&year=2026