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HI HB133

Bill

Official Source

Status

Engrossed

3/4/2021

Primary Sponsor

Jackson Sayama

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Increases the capital gains tax rate for individuals, estates, and trusts from 7.25% to 9% on taxable income above the specified threshold in Section 235-51, Hawaii Revised Statutes

  • Increases the alternative capital gains tax rate for corporations, regulated investment companies, and real estate investment trusts from 4% to 5% under Section 235-71.5, Hawaii Revised Statutes

  • Effective July 1, 2021, and applies to taxable years beginning after December 31, 2020

Legislative Description

Relating To Capital Gains.

Income Tax

Last Action

Conference Committee Meeting will reconvene on Friday 04-23-21 11:30AM in conference room CR 325.

4/22/2021

Committee Referrals

Ways and Means3/9/2021
Finance2/19/2021
Economic Development2/2/2021
Finance1/27/2021

Full Bill Text

No bill text available