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Bill > HB2575


HI HB2575

HI HB2575
Relating To Taxation.


summary

Introduced
01/28/2026
In Committee
02/19/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Applies the retail or higher general excise tax or use tax rate to purchases or imports of new motor vehicles by rental car companies. Appropriates funds for a position in the Department of Taxation. Effective 7/1/3000. (HD1)

AI Summary

This bill aims to increase state revenue by applying the retail or higher general excise tax or use tax rate to new motor vehicles purchased or imported by rental car companies, and by funding a new position within the Department of Taxation to ensure contractors working on federal projects in the state are paying the required general excise tax. The general excise tax is a tax on business activities, and this bill clarifies that sales of motor vehicles to rental car companies are not considered sales for resale, meaning they will be subject to the higher retail tax rate. Additionally, the bill appropriates funds for a tax inspector to focus on collecting taxes from federal contractors, addressing a perceived gap where some businesses may not be remitting taxes owed to the state, which can also indirectly reduce state income tax revenue. The bill is set to take effect on July 1, 3000.

Committee Categories

Budget and Finance, Business and Industry, Transportation and Infrastructure

Sponsors (6)

Last Action

Report adopted; referred to the committee(s) on FIN with Representative(s) Shimizu voting aye with reservations; Representative(s) Alcos, Garcia, Gedeon, Matsumoto, Muraoka, Pierick, Reyes Oda voting no (7) and none excused (0). (on 02/19/2026)

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