Relating To Taxation.
Last status update Mar 4, 2025
What this measure contains
Establishes an excise tax on certain taxpayers who own excess single-family residences for failure to sell those residences. Establishes and allocates excise tax revenues to the Housing Downpayment Trust Fund. Requires annual reports to the Legislature. Applies to taxable years beginning after 12/31/2026. Effective 7/1/2050. (SD2)
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
Related measures
- SB1033— 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
- SD1by HOU
- SD2by JDC
Companion measure: SB1033. A companion follows its own path; its votes are not combined with this one.
Decision stages
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Housing (HOU) on the introduced draft: Passed, with amendments, reported as SD1
4 aye · 0 no · 1 excused · Source roll call
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Ways and Means (WAM) on SD1: Passed, with amendments, reported as SD2
9 aye · 4 aye with reservations · 0 no · 0 excused · Source roll call
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Judiciary (JDC) on SD1: Passed, with amendments, reported as SD2
4 aye · 1 aye with reservations · 0 no · 0 excused · Source roll call
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Senate third reading on SD2: Passed
21 aye · 4 aye with reservations · 0 no · 0 excused
Senate members along the path
| Member | HOU Introduced | WAM SD1 | JDC SD1 | Third reading SD2 | Change along the path |
|---|---|---|---|---|---|
| Henry AquinoSD-019 | Excused | Aye | Aye | ||
| Brenton AwaSD-023 | Aye | Aye | |||
| Stanley ChangSD-009 | Aye | Aye | Aye | ||
| Lynn DecoiteSD-007 | Aye* | Aye | Dropped reservations at Senate third reading (SD2) | ||
| Donovan CruzSD-017 | Aye | Aye | |||
| Brandon ElefanteSD-016 | Aye | Aye | |||
| Kurt FevellaSD-020 | Aye | Aye* | Aye* | Added reservations at Ways and Means (WAM) (SD1) | |
| Mike GabbardSD-021 | Aye | Aye | |||
| Troy HashimotoSD-005 | Aye | Aye | Aye | ||
| Les IharaSD-010 | Aye* | ||||
| Lorraine InouyeSD-001 | Aye | Aye* | Added reservations at Senate third reading (SD2) | ||
| Dru KanuhaSD-003 | Aye | Aye | Aye | ||
| Michelle KidaniSD-018 | Aye | Aye | |||
| Donna KimSD-014 | Aye* | Aye | Dropped reservations at Senate third reading (SD2) | ||
| Chris LeeSD-025 | Aye | Aye | |||
| Sharon MoriwakiSD-012 | Aye* | Aye | Dropped reservations at Senate third reading (SD2) | ||
| Karl RhoadsSD-013 | Aye | Aye | |||
| Joy San BuenaventuraSD-002 | Aye* | Aye* | |||
| Glenn WakaiSD-015 | Aye | Aye |
6 more Senate members only counted as floor ayes
| Member | HOU Introduced | WAM SD1 | JDC SD1 | Third reading SD2 | Change along the path |
|---|---|---|---|---|---|
| Samantha DeCorteSD-022 | Aye | ||||
| Carol FukunagaSD-011 | Aye | ||||
| Jarrett KeohokaloleSD-024 | Aye | ||||
| Ronald KouchiSD-008 | Aye | ||||
| Angus McKelveySD-006 | Aye | ||||
| Tim RichardsSD-004 | 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 ↗
Your lawmakers and participating residents.
Match an address to see your state lawmakers' recorded votes on this bill. This address is used for matching and is not saved with a pilot response.
Legislative history
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Introduced.
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Passed First Reading.
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Referred to HOU, WAM/JDC.
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The committee(s) on HOU has scheduled a public hearing on 02-04-25 1:00PM; Conference Room 225 & Videoconference.
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The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.
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Reported from HOU (Stand. Com. Rep. No. 338) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
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Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
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The committee(s) on WAM/JDC will hold a public decision making on 02-26-25 10:05AM; 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: 13 Aye(s): Senator(s) Dela Cruz, Aquino, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Lee, C., Wakai; Aye(s) with reservations: Senator(s) Moriwaki, DeCoite, Kim, Fevella ; 0 No(es): none; and 0 Excused: none.
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The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Chang, Awa; Aye(s) with reservations: Senator(s) San Buenaventura ; 0 No(es): none; and 0 Excused: none.
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Reported from WAM/JDC (Stand. Com. Rep. No. 1045) with recommendation of passage on Third Reading, as amended (SD 2).
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48 Hrs. Notice 03-04-25.
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Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: Senator(s) Fevella, Ihara, Inouye, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House.
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Received from Senate (Sen. Com. No. 242) in amended form (SD 2).
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Pass First Reading
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Referred to HSG, FIN, referral sheet 19
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Carried over to 2026 Regular Session.