BILL NUMBER: SB 2602
INTRODUCED BY: RIVIERE, S. Chang, Fevella, Shimabukuro
EXECUTIVE SUMMARY: Requires Hawaii’s estate tax applicable exclusion amount to be calculated by utilizing the federal Internal Revenue Service inflation adjustment mechanism. Applies only to decedents dying after December 31, 2019.
BILL NUMBER: SB 2920; HB 2364
INTRODUCED BY: SB by KOUCHI by request; HB by SAIKI by request
EXECUTIVE SUMMARY: Conforms Hawaii income and estate and generation-skipping transfer tax laws to the Internal Revenue Code of 1986, as amended as of December 31, 2019. Removes the State’s decoupling to IRC 512(a)(7), which has been repealed retroactively.
BILL NUMBER: SB 1361, SD-1
INTRODUCED BY: Senate Committee on Ways & Means
EXECUTIVE SUMMARY: Increases estate taxes for Hawaii net taxable estates valued at over $10,000,000.
BILL NUMBER: SB 1130, SD-1
INTRODUCED BY: Senate Committee on Ways & Means
EXECUTIVE SUMMARY: Conforms the Hawaii income tax and estate and generation-skipping transfer taxes to federal changes adopted through December 31, 2018.
BILL NUMBER: SB 1361
INTRODUCED BY: DELA CRUZ
EXECUTIVE SUMMARY: Increases estate taxes for Hawaii net taxable estates valued at over $10,000,000.
BILL NUMBER: SB 1267; HB 1041 (Identical)
INTRODUCED BY: SB by KOUCHI by request; HB by SAIKI by request
EXECUTIVE SUMMARY: Conforms the Hawaii income tax and estate and generation-skipping transfer taxes to federal changes adopted through December 31, 2018.
BILL NUMBER: SB 2821, CD-1
INTRODUCED BY: Conference Committee
EXECUTIVE SUMMARY: Conforms the Hawaii income tax and estate and generation-skipping transfer taxes to federal changes adopted through February 9, 2018. Decouples from the federal Tax Cuts and Jobs Act in several key areas.
BILL NUMBER: HB 207, Proposed SD-1
INTRODUCED BY: Senate Committee on Ways and Means
EXECUTIVE SUMMARY: Increases estate taxes for Hawaii net taxable estates valued at over $10,000,000. Raises the conveyance tax rates for residential investment properties with a value of at least $2,000,000.
BILL NUMBER: SB 2821, SD-1
INTRODUCED BY: Senate Committee on Ways and Means
EXECUTIVE SUMMARY: Conforms the Hawaii income tax and estate and generation-skipping transfer taxes to federal changes adopted through December 31, 2017. Decouples from the federal Tax Cuts and Jobs Act in several key areas.
BILL NUMBER: HB 2394, Proposed HD-1
INTRODUCED BY: House Committee on Finance
EXECUTIVE SUMMARY: Conforms the Hawaii income tax and estate and generation-skipping transfer taxes to federal changes adopted through December 31, 2017. Decouples from the federal Tax Cuts and Jobs Act in several key areas.