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HI HB269

Bill

Official Source

Status

Introduced

1/17/2025

Primary Sponsor

David Alcos

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Increases the capital gains tax rate for nonresident taxpayers from 7.25% to 29% on net capital gains
  • Imposes a 150% capital gains tax rate on foreign taxpayers (non-U.S. individuals, estates, and trusts)
  • Raises the alternative capital gains tax for nonresident corporations from 4% to 16% on excess net capital gains
  • Sets the alternative capital gains tax for foreign corporations at 150% on excess net capital gains
  • Applies to taxable years beginning after December 31, 2025

Legislative Description

Relating To Taxation.

Income Tax

Last Action

Carried over to 2026 Regular Session.

12/8/2025

Committee Referrals

Economic Development1/21/2025

Full Bill Text

No bill text available