HI HB133

Increases the capital gains tax threshold for individuals, estates, and trusts from 7.25% to 9% on net capital gains.

Increases the alternative capital gains tax rate for corporations, regulated investment companies, and real estate investment trusts from 4% to 5% on net capital gains exceeding a specified threshold.

Amends Hawaii Revised Statutes sections 235-51 and 235-71.5 to implement the higher capital gains tax rates.

Takes effect on July 1, 2021, and applies to taxable years beginning after December 31, 2020.