Relating To Capital Gains Tax.
Last status update Mar 4, 2025
What this measure contains
Amends the capital gains tax rate for individuals, estates, and trusts. Amends the alternative capital gains tax for corporations. Effective 7/1/2050. (SD1)
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 17, 2025
- Amended · Official document ↗· Feb 11, 2025
- Amended · Official document ↗· Mar 1, 2025
- Amended · Official document ↗· Apr 3, 2025
Related measures
- HB476— Carry Over
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
- SD1by WAM
Companion measure: HB476. 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 aye with reservations · 0 no · 0 excused
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House second reading on HD1: Passed
39 aye · 1 aye with reservations · 8 no · 3 excused
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House FIN committee on HD1: Passed, with amendments, reported as HD2
10 aye · 3 aye with reservations · 2 no · 1 excused
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House third reading on HD2: Passed
37 aye · 3 aye with reservations · 9 no · 2 excused
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Ways and Means (WAM) on HD2: Passed, with amendments, reported as SD1
10 aye · 1 aye with reservations · 0 no · 2 excused · Source roll call
Senate members along the path
| Member | WAM HD2 | Change along the path |
|---|---|---|
| Henry AquinoSD-019 | Aye | |
| Lynn DecoiteSD-007 | Excused | |
| Donovan CruzSD-017 | Aye | |
| Brandon ElefanteSD-016 | Aye | |
| Kurt FevellaSD-020 | Aye | |
| Troy HashimotoSD-005 | Aye | |
| Lorraine InouyeSD-001 | Aye | |
| Dru KanuhaSD-003 | Aye | |
| Michelle KidaniSD-018 | Aye | |
| Donna KimSD-014 | Aye* | |
| Chris LeeSD-025 | Aye | |
| Sharon MoriwakiSD-012 | Aye | |
| Glenn WakaiSD-015 | 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) | ||
| Lauren MatsumotoHD-038 | Aye* | No | No | Aye with reservations → No at House second reading (HD1) | |
| Kanani SouzaHD-043 | Aye | No | Aye → No at House third reading (HD2) | ||
| David AlcosHD-041 | No | No | No | ||
| Elle CochranHD-014 | Excused | Aye | |||
| Rachele Fernandez LamosaoSD-019 | Aye | Aye* | Aye* | Added reservations at House FIN committee (HD1) | |
| Diamond GarciaHD-042 | No | No | |||
| Tina GrandinettiHD-020 | Aye | Aye | Aye | ||
| Daniel HoltHD-028 | Aye | Aye | Aye | Aye | |
| Ikaika HusseyHD-029 | Aye | Aye | Aye | Aye | |
| Greggor IlaganHD-004 | Aye | Aye | Aye | ||
| Sue Keohokapu-Lee LoyHD-002 | Aye | Aye* | Aye | Added reservations at House FIN committee (HD1)Dropped reservations at House third reading (HD2) | |
| Darius KilaHD-044 | Aye | Aye* | Added reservations at House third reading (HD2) | ||
| Lisa KitagawaHD-048 | Aye | Aye | Aye | ||
| Sam KongHD-033 | No | No | |||
| Matthias KuschHD-001 | Aye | Aye | Aye | ||
| Mike LeeHD-050 | Aye | Aye | Aye | ||
| Tyson MiyakeHD-010 | Aye | Aye* | Aye* | Added reservations at House FIN committee (HD1) | |
| Daynette MorikawaHD-017 | Aye | Aye | Aye | ||
| Chris MuraokaHD-045 | No | No | |||
| Elijah PierickHD-039 | No | Excused | |||
| Julie Reyes OdaHD-040 | No | No | No | ||
| Jackson SayamaHD-021 | Excused | Aye | |||
| Garner ShimizuHD-032 | No | No | |||
| 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 | ||
| Gene WardHD-018 | Excused | Excused | Excused | ||
| Kyle YamashitaHD-012 | Aye | Aye | Aye |
21 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 | |||
| 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 | |||
| 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 | |||
| Amy PerrusoHD-046 | Aye | Aye | |||
| Mahina PoepoeHD-013 | Aye | Aye | |||
| Sean QuinlanHD-047 | 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, 01-29-25 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: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Todd; Ayes with reservations: Representative(s) Matsumoto; Noes: none; and Excused: none.
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Reported from ECD (Stand. Com. Rep. No. 498) 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 voting aye with reservations; Representative(s) Alcos, Garcia, Kong, Matsumoto, Muraoka, Pierick, Reyes Oda, Shimizu voting no (8) and Representative(s) Cochran, Sayama, Ward excused (3).
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Bill scheduled to be heard by FIN on Monday, 02-24-25 10:00AM in House 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: 13 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Kitagawa, Kusch, Lee, M., Morikawa, Templo; Ayes with reservations: Representative(s) Keohokapu-Lee Loy, Lamosao, Miyake; 2 Noes: Representative(s) Alcos, Reyes Oda; and 1 Excused: Representative(s) Ward.
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Reported from FIN (Stand. Com. Rep. No. 1166) as amended in HD 2, recommending passage on Third Reading.
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Forty-eight (48) hours notice Tuesday, 03-04-25.
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Passed Third Reading as amended in HD 2 with Representative(s) Kila, Lamosao, Miyake voting aye with reservations; Representative(s) Alcos, Amato, Garcia, Kong, Matsumoto, Muraoka, Reyes Oda, Shimizu, Souza voting no (9) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate.
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Received from House (Hse. Com. No. 246).
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Passed First Reading.
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Referred to WAM.
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The committee(s) on WAM has scheduled a public hearing on 03-28-25 10:00AM; Conference Room 211 & Videoconference.
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The committee(s) on WAM deferred the measure until 04-01-25 10:00AM; Conference Room 211 & Videoconference.
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The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Lee, C., Fevella; Aye(s) with reservations: Senator(s) Kim ; 0 No(es): none; and 2 Excused: Senator(s) DeCoite, Wakai.
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Reported from WAM (Stand. Com. Rep. No. 1742) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
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Recommitted to WAM.
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Carried over to 2026 Regular Session.