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HI HB337
Bill
Status
1/20/2023
Primary Sponsor
Jackson Sayama
Click for details
AI Summary
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Increases the capital gains tax rate for individuals, estates, and trusts from 7.25 percent to 9 percent on taxable income in excess of amounts taxed at lower rates.
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Increases the alternative capital gains tax rate for corporations, regulated investment companies, and real estate investment trusts from 4 percent to 5 percent on the excess portion of net capital gains.
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Applies to taxable years beginning after December 31, 2022.
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Effective date is June 30, 3000.
Legislative Description
Relating To Capital Gains.
Income Tax
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Matsumoto voting aye with reservations; Representative(s) Alcos, Garcia, Kong, Pierick, Ward voting no (5) and none excused (0).
2/8/2023