HI SB721 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-02-18 - 48 Hrs. Notice 02-27-25.
Text: Latest bill text (Amended) [HTML]
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-02-18 - 48 Hrs. Notice 02-27-25.
Text: Latest bill text (Amended) [HTML]
Summary
Amends the exclusion amount of Hawaii's estate tax. Repeals exemption for tax imposed on transfer of taxable estate located in Hawaii for nonresidents and nonresidents who are not citizens. Applicable to decedents dying or taxable transfers occurring after 12/31/2024. Effective 7/1/2050. (SD1)
Title
Relating To The Estate Tax.
Sponsors
| Sen. Karl Rhoads [D] |
Roll Calls
2025-02-12 - Senate - Senate Ways and Means: Passed, With Amendments (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-18 | Senate | 48 Hrs. Notice 02-27-25. |
| 2025-02-18 | Senate | Report adopted; Passed Second Reading, as amended (SD 1). |
| 2025-02-18 | Senate | Reported from WAM (Stand. Com. Rep. No. 693) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading. |
| 2025-02-12 | Senate | 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, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
| 2025-02-07 | Senate | The committee(s) on WAM has scheduled a public hearing on 02-12-25 10:00AM; Conference Room 211 & Videoconference. |
| 2025-01-23 | Senate | Referred to WAM. |
| 2025-01-21 | Senate | Passed First Reading. |
| 2025-01-17 | Senate | Introduced. |
