HB 1937: GENERAL EXCISE TAX; USE TAX; RENTAL MOTOR VEHICLES; TEACHER TEMPORARY HAZARD PAY SPECIAL FUND

Session Year: 2025-2026
House: House
Latest Version Date: 2026-02-11

Current Status:

In Progress

(2026-02-20: Report adopted; referred to the committee(s) on FIN with Representative(s) Gedeon, Matsumoto, Reyes Oda voting aye with reservations; Representative(s) Alcos, Garcia, Muraoka, Pierick, Shimizu voting no (5) and Representative(s) Quinlan excused (1).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Excludes the sale of a motor vehicle to a lessor of rental motor vehicles for use as a rental motor vehicle as a sale at wholesale. Imposes the maximum allowable excise tax on the use of tangible personal property in the State for the importation or purchase of a motor vehicle by a lessor of rental motor vehicles for use as a rental motor vehicle. Establishes a Teacher Temporary Hazard Pay Special Fund to pay a temporary hazard pay bonus to certain eligible teachers. Beginning 7/1/2026 until 7/1/2030, deposits the additional tax revenue generated by this Act into the Teacher Temporary Hazard Pay Special Fund. Effective 7/1/3000. Sunsets 7/1/2030. (HD1)

Discussed in Hearing