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HB 2429: DBEDT; DOTAX; TAXATION; TAX EXPENDITURE DISCLOSURE AND EVALUATION; INCOME TAX CREDITS; GENERAL EXCISE AND RELATED USE TAX EXEMPTIONS

  • Session Year: 2025-2026
  • House: House
  • Latest Version Date: 2026-02-17

Current Status:

In Progress

(2026-03-04: The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Reyes Oda; Ayes with reservations: Representative(s) Alcos, Gedeon; Noes: none; and Excused: none.)

Introduced

First Committee Review

First Chamber

Second Committee Review

Second Chamber

Final Decking

Enacted

Version:

Requires tax expenditure disclosure to, and evaluation by, the Department of Business, Economic Development, and Tourism for certain income tax credits and general excise and use tax exemptions.  Applies to tax years beginning after 12/31/2026.  Effective 7/1/3000.  (HD1)

Discussed in Hearing

House Standing Committee on Economic Development & Technology4MIN
Feb 13, 2026

House Standing Committee on Economic Development & Technology

House Standing Committee on Economic Development & Technology44SEC
Feb 13, 2026

House Standing Committee on Economic Development & Technology

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News Coverage:

HB 2429: DBEDT; DOTAX; Taxation; Tax Expenditure Disclosure and Evaluation; Income Tax Credits; General Excise and Related Use Tax Exemptions | Digital Democracy