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SB2656HIIntroduced 2026 Regular Session

Relating To Taxation.

Last status update Jan 23, 2026

What this measure contains

Disallows the dividends paid deduction for real estate investment trusts, except those having investments or that are community development financial institutions. (SD1)

Source summary of the imported measure. Amendments can change the wording; read a specific version for its complete provisions.

Read the latest imported text

Read the full bill at its source ↗
Source: legiscan· Loaded Oct 30, 2026· Snapshot export date not suppliedOriginal record ↗

Bill text and versions

Drafts can change as a measure moves through the Legislature. Check the version attached to a recorded vote.

How this measure moved

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.

  1. Introduced
  2. SD1by WAM

Decision stages

  1. Ways and Means (WAM) on the introduced draft: Passed, with amendments and be recommitted, reported as SD1

    8 aye · 3 aye with reservations · 0 no · 2 excused · Source roll call

Senate members along the path

Senate members' votes at each stage of SB2656
MemberWAM
Introduced		Change along the path
Lynn DecoiteSD-007Aye
Donovan CruzSD-017Aye
Brandon ElefanteSD-016Aye*
Kurt FevellaSD-020Aye*
Troy HashimotoSD-005Aye
Lorraine InouyeSD-001Aye
Dru KanuhaSD-003Aye
Michelle KidaniSD-018Excused
Donna KimSD-014Excused
Chris LeeSD-025Aye
Sharon MoriwakiSD-012Aye
Tim RichardsSD-004Aye
Glenn WakaiSD-015Aye*

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

  1. Introduced.

  2. Passed First Reading.

  3. Referred to WAM.

  4. The committee(s) on WAM will hold a public decision making on 02-25-26 10:54AM; Conference Room 211 & Videoconference.

  5. The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS and be recommitted. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Hashimoto, Inouye, Kanuha, Lee, C., Richards; Aye(s) with reservations: Senator(s) Elefante, Wakai, Fevella ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Kim.

  6. Reported from WAM (Stand. Com. Rep. No. 2720) as amended (SD 1), with recommendation of recommittal to WAM.

  7. Report adopted, as amended (SD 1) and recommitted to WAM.

  8. Re-Referred to EDT/CPN/WAM.

Bill sponsors