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HI HB476

Bill

Official Source

Status

Engrossed

3/4/2025

Primary Sponsor

Jackson Sayama

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Amends the capital gains tax rate for individuals, estates, and trusts by changing the current 7.25% rate to a new rate (specific percentage left blank in the bill for later determination)
  • Modifies the alternative capital gains tax rate for corporations, regulated investment companies, and real estate investment trusts from 4% to a new rate (also left blank)
  • Applies to taxable years beginning after December 31, 2024
  • Effective date set for July 1, 2050

Legislative Description

Relating To Capital Gains Tax.

Last Action

Carried over to 2026 Regular Session.

12/8/2025

Committee Referrals

Ways and Means3/6/2025
Finance2/12/2025
Economic Development1/21/2025

Full Bill Text

No bill text available