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HI HB1813

Bill

Official Source

Status

Engrossed

3/5/2026

Primary Sponsor

Kyle Yamashita

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Repeals the general excise tax exemption for securities exchanges and exchange members, eliminating tax-free treatment of transaction fees, membership dues, listing fees, and proceeds from membership sales
  • Removes the use tax exemption for vessels constructed under commercial fishing vessel loan programs prior to July 1, 1969
  • Renumbers multiple subsections in Sections 23-75, 23-77, 23-79, and 238-3 of Hawaii Revised Statutes to reflect the repealed exemptions
  • Updates cross-references throughout the tax code, including in Section 235-110.7 (capital goods excise tax credit) and Section 237-22 (offset provisions), to align with the renumbered subsections
  • Scheduled to take effect on July 1, 3000, indicating a placeholder date likely intended for amendment

Legislative Description

Relating To Taxation.

Taxation

Last Action

Referred to WAM.

3/10/2026

Committee Referrals

Ways and Means3/10/2026
Finance2/18/2026
Economic Development1/26/2026

Full Bill Text

No bill text available