Relating To Capital Gains Tax.
Last status update Mar 10, 2026
What this measure contains
Taxes capital gains tax for individuals, estates, and trusts as ordinary income, except for capital gains that are eligible for a county homeowner's exemption. Repeals the alternative capital gains tax for corporations. Applies to taxable years beginning after 12/31/2026. Effective 7/1/3000. (HD2)
Source summary of the imported measure. Amendments can change the wording; read a specific version for its complete provisions.
Read the full bill at its source ↗Bill text and versions
Drafts can change as a measure moves through the Legislature. Check the version attached to a recorded vote.
- Introduced · Official document ↗· Jan 23, 2026
- Amended · Official document ↗· Feb 13, 2026
- Amended · Official document ↗· Mar 7, 2026
Related measures
- SB2587— Same As
Related measures may contain different language or follow different histories.
Legislative path
Each stage below is a recorded decision from the official measure history, attached to the draft it considered. A member's row follows their votes from the first draft to the latest, and a highlighted vote marks where it changed. Committee and conference votes list every member by name. Floor votes list only exceptions; members serving that day who aren't named are shown as ayes in a dashed outline.
- Introduced
- HD1by ECD
- HD2by FIN
Companion measure: SB2587. A companion follows its own path; its votes are not combined with this one.
Decision stages
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House ECD committee on the introduced draft: Passed, with amendments, reported as HD1
6 aye · 1 no · 0 excused
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House second reading on HD1: Passed
37 aye · 3 aye with reservations · 7 no · 3 excused
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House FIN committee on HD1: Passed, with amendments, reported as HD2
13 aye · 2 aye with reservations · 1 no · 0 excused
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House third reading on HD2: Passed
39 aye · 2 aye with reservations · 8 no · 1 excused
House members along the path
| Member | ECD Introduced | Second reading HD1 | FIN HD1 | Third reading HD2 | Change along the path |
|---|---|---|---|---|---|
| Terez AmatoHD-011 | Aye* | No | Aye with reservations → No at House third reading (HD2) | ||
| Joe GedeonHD-018 | No | No | Aye* | No | No → Aye with reservations at House FIN committee (HD1)Aye with reservations → No at House third reading (HD2) |
| Sam KongHD-033 | Aye | No | Aye → No at House third reading (HD2) | ||
| David AlcosHD-041 | No | No | No | ||
| Elle CochranHD-014 | Excused | Aye | |||
| Diamond GarciaHD-042 | No | No | |||
| Daisy HartsfieldHD-036 | Aye | Aye | Aye | ||
| Daniel HoltHD-028 | Aye | ||||
| Ikaika HusseyHD-029 | Aye | Aye | Aye | Aye | |
| Greggor IlaganHD-004 | Aye | Aye | Aye | ||
| Sue Keohokapu-Lee LoyHD-002 | Aye | Aye | Aye | ||
| Lisa KitagawaHD-048 | Aye | Aye | Aye | ||
| Matthias KuschHD-001 | Aye | Aye | Aye | ||
| Mike LeeHD-050 | Excused | Aye | Aye | ||
| Lauren MatsumotoHD-038 | No | No | |||
| Tyson MiyakeHD-010 | Aye | Aye | Aye | ||
| Daynette MorikawaHD-017 | Aye | Aye | Aye | ||
| Chris MuraokaHD-045 | No | No | |||
| Amy PerrusoHD-046 | Aye | Aye | Aye | ||
| Elijah PierickHD-039 | No | Excused | |||
| Mahina PoepoeHD-013 | Excused | Aye | |||
| Julie Reyes OdaHD-040 | Aye* | Aye* | Aye* | ||
| Garner ShimizuHD-032 | No | No | |||
| Kanani SouzaHD-043 | Aye* | Aye* | |||
| Jenna TakenouchiHD-027 | Aye | Aye | Aye | ||
| Adrian TamHD-024 | Aye | Aye | Aye | ||
| Shirley Ann TemploHD-030 | Aye | Aye | Aye | Aye | |
| Chris ToddHD-003 | Aye | Aye | Aye | ||
| Kyle YamashitaHD-012 | Aye | Aye | Aye | Aye |
22 more House members only counted as floor ayes
| Member | ECD Introduced | Second reading HD1 | FIN HD1 | Third reading HD2 | Change along the path |
|---|---|---|---|---|---|
| Della au BelattiHD-026 | Aye | Aye | |||
| Cory ChunHD-035 | Aye | Aye | |||
| Luke EvslinHD-016 | Aye | Aye | |||
| Andrew GarrettHD-022 | Aye | Aye | |||
| Tina GrandinettiHD-020 | Aye | Aye | |||
| Mark HashemHD-019 | Aye | Aye | |||
| Linda IchiyamaHD-031 | Aye | Aye | |||
| Kim IwamotoHD-025 | Aye | Aye | |||
| Kirstin KahaloaHD-006 | Aye | Aye | |||
| Jeanne KapelaHD-005 | Aye | Aye | |||
| Darius KilaHD-044 | Aye | Aye | |||
| Trish La ChicaHD-037 | Aye | Aye | |||
| Nicole LowenHD-007 | Aye | Aye | |||
| Lisa MartenHD-051 | Aye | Aye | |||
| Scot MatayoshiHD-049 | Aye | Aye | |||
| Nadine NakamuraHD-015 | Aye | Aye | |||
| Ikaika OldsHD-023 | Aye | Aye | |||
| Sean QuinlanHD-047 | Aye | Aye | |||
| Jackson SayamaHD-021 | Aye | Aye | |||
| Gregg TakayamaHD-034 | Aye | Aye | |||
| David TarnasHD-008 | Aye | Aye | |||
| Justin WoodsonHD-009 | Aye | Aye |
Aye named · Aye* with reservations · Aye floor vote, not named as an exception · No · Excused · Changed reversed from the previous vote
Names are matched to legislators only when exactly one person fits; every printed name on this measure was matched. A missing vote means no record was found for that member at that stage, not a no vote. Committee codes follow the Legislature's abbreviations.Official measure history ↗
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Legislative history
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Pending introduction.
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Introduced and Pass First Reading.
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Referred to ECD, FIN, referral sheet 2
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Bill scheduled to be heard by ECD on Wednesday, 02-04-26 10:00AM in House conference room 423 VIA VIDEOCONFERENCE.
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The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Yamashita; Ayes with reservations: none; 1 Noes: Representative(s) Gedeon; and Excused: none.
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Reported from ECD (Stand. Com. Rep. No. 294-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
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Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato, Reyes Oda, Souza voting aye with reservations; Representative(s) Alcos, Garcia, Gedeon, Matsumoto, Muraoka, Pierick, Shimizu voting no (7) and Representative(s) Cochran, Lee, M., Poepoe excused (3).
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Bill scheduled to be heard by FIN on Monday, 03-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
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The committee(s) on FIN recommend(s) that the measure be deferred until 03-03-26.
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Bill scheduled for decision making on Tuesday, 03-03-26 2:00PM in conference room 308 VIA VIDEOCONFERENCE.
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The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita; Ayes with reservations: Representative(s) Gedeon, Reyes Oda; 1 Noes: Representative(s) Alcos; and Excused: none.
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Reported from FIN (Stand. Com. Rep. No. 1117-26) as amended in HD 2, recommending passage on Third Reading.
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Forty-eight (48) hours notice Tuesday, 03-10-26.
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Passed Third Reading as amended in HD 2 with Representative(s) Reyes Oda, Souza voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Shimizu voting no (8) and Representative(s) Pierick excused (1). Transmitted to Senate.
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Received from House (Hse. Com. No. 299).
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Passed First Reading.
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Referred to WAM.