HB 795: Emergency and Budget Reserve Fund; Constitution; Appropriation
- Session Year: 2025-2026
- House: House
- Latest Version Date: 2025-04-26
Current Status:
In Progress
(2025-07-02: Act 267, on 07/02/2025 (Gov. Msg. No. 1370).)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
What does this bill do?
Appropriates $1,000,000 from Hawaii’s general fund to be deposited into the Emergency and Budget Reserve Fund. The deposit implements the state constitution’s rule for disposing of excess general revenues and affects the state’s fiscal reserves.
The summary is provided by generative AI which can make mistakes. For original language, please view the details in the table below.
Appropriates general revenues for deposit into the emergency and budget reserve fund pursuant to article VII, section 6, of the Hawaii State Constitution. (CD1)
Provides a tax credit to taxpayers and makes deposits to the emergency and budget reserve fund and other post-employment benefits trust fund pursuant to article VII, section 6, of the Hawaii State Constitution. Appropriates funds. Effective 7/1/2050. (SD1)
Provides a tax credit to taxpayers and makes deposits to the emergency and budget reserve fund and other post-employment benefits trust fund pursuant to article VII, section 6, of the Hawaii State Constitution. Appropriates funds. Effective 7/1/3000. (HD1)
Provides a tax credit to taxpayers and makes deposits to the emergency and budget reserve fund and other post-employment benefits trust fund pursuant to article VII, section 6, of the Hawaii State Constitution. Appropriates funds.
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
795 |
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THIRTY-THIRD LEGISLATURE, 2025 |
H.D. 1 |
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STATE OF HAWAII |
S.D. 1 |
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C.D. 1 |
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A BILL FOR AN ACT
RELATING TO THE GENERAL FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that article VII, section 6, of the Hawaii State Constitution requires the legislature to dispose of excess general fund revenues when certain factors are met, as follows:
(1) Provide for a tax refund or tax credit to the taxpayers of the State, as provided by law;
(2) Make a deposit into one or more funds, as provided by law, which shall serve as temporary supplemental sources of funding for the State in times of an emergency, economic downturn, or unforeseen reduction in revenue, as provided by law; or
(3) Appropriate general funds for the pre-payment of either or both of the following, as provided by law:
(A) Debt service for general obligation bonds issued by the State; or
(B) Pension or other post-employment benefit liabilities accrued for state employees.
The legislature finds that the necessary factors have been met for two successive fiscal years and that the legislature is constitutionally required to dispose of excess tax revenues, as authorized under article VII, section 6, of the Hawaii State Constitution.
Accordingly, the purpose of this Act is to implement article VII, section 6, of the Hawaii State Constitution by appropriating general revenues to make a deposit of $1,000,000 into the emergency and budget reserve fund established under section 328L-3, Hawaii Revised Statutes.
SECTION 2. In accordance with article VII, section 6, of the Hawaii State Constitution, there is appropriated out of the general revenues of the State of Hawaii the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2025-2026 for deposit into the emergency and budget reserve fund established under section 328L-3, Hawaii Revised Statutes.
SECTION 3. This Act shall take effect on July 1, 2025.
Report Title:
Emergency and Budget Reserve Fund; Constitution; Appropriation
Description:
Appropriates general revenues for deposit into the emergency and budget reserve fund pursuant to article VII, section 6, of the Hawaii State Constitution. (CD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
795 |
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THIRTY-THIRD LEGISLATURE, 2025 |
H.D. 1 |
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STATE OF HAWAII |
S.D. 1 |
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A BILL FOR AN ACT
RELATING TO THE GENERAL FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that article VII, section 6, of the Hawaii State Constitution requires the legislature to dispose of excess general fund revenues when certain factors are met, as follows:
(1) Provide for a tax refund or tax credit to the taxpayers of the State, as provided by law;
(2) Make a deposit into one or more funds, as provided by law, which shall serve as temporary supplemental sources of funding for the State in times of an emergency, economic downturn, or unforeseen reduction in revenue, as provided by law; or
(3) Appropriate general funds for the pre-payment of either or both of the following, as provided by law:
(A) Debt service for general obligation bonds issued by the State; or
(B) Pension or other post-employment benefit liabilities accrued for state employees.
The legislature finds that the necessary factors have been met for two successive fiscal years and that the legislature is constitutionally required to dispose of excess tax revenues, as authorized under article VII, section 6, of the Hawaii State Constitution.
Accordingly, the purpose of this Act is to implement article VII, section 6, of the Hawaii State Constitution by:
(1) Providing for an income tax credit of $ , multiplied by the number of the taxpayer's qualified exemptions, to every resident individual taxpayer of the State to satisfy constitutionally mandated requirements;
(2) Making a deposit of $ into the emergency and budget reserve fund established under section 328L-3, Hawaii Revised Statutes; and
(3) Making a deposit of $ into the other post‑employment benefits trust fund established under section 87A-42, Hawaii Revised Statutes.
SECTION 2. (a) There shall be allowed each resident individual taxpayer who files an individual income tax return for the 2025 taxable year and who is not claimed or is not otherwise eligible to be claimed as a dependent by another taxpayer for federal or Hawaii state individual income tax purposes, a general income tax credit of $ , which shall be deducted from income tax liability computed under chapter 235, Hawaii Revised Statutes; provided that a resident individual who has no income or no income taxable under chapter 235, Hawaii Revised Statutes, and who is not claimed or is not otherwise eligible to be claimed as a dependent by another taxpayer for federal or Hawaii state individual income tax purposes may claim this credit.
(b) Each resident individual taxpayer may claim the general income tax credit multiplied by the number of qualified exemptions to which the taxpayer is entitled.
(c) Each person for whom the general income tax credit is claimed shall have been a resident of the State, as defined in section 235-1, Hawaii Revised Statutes, for at least nine months regardless of whether the qualified resident was physically in the State for nine months. Multiple exemptions shall not be granted for the general income tax credit because of age or deficiencies in vision, hearing, or other disability.
(d) The general income tax credit shall not be available to any:
(1) Person who has been convicted of a felony and who has been committed to prison and has been physically confined for the full taxable year;
(2) Person who would otherwise be eligible to be claimed as a dependent but who has been committed to a youth correctional facility and has resided at the facility for the full taxable year; or
(3) Misdemeanant who has been committed to jail and has been physically confined for the full taxable year.
(e) The tax credit claimed by a resident taxpayer pursuant to this section shall be deductible from the resident taxpayer's individual income tax liability for the 2025 taxable year. If the tax credit claimed by a resident taxpayer exceeds the amount of income tax payment due from the resident taxpayer, the excess of credits over payments due shall be refunded to the resident taxpayer; provided that a tax credit properly claimed by a resident individual who has no income tax liability shall be paid to the resident individual.
(f) All claims for tax credits under this section, including any amended claims, shall be filed on or before the end of the twelfth month following the close of the taxable year for which the credits may be claimed. Failure to comply with this filing requirement shall constitute a waiver of the right to claim the credit.
SECTION 3. In accordance with article VII, section 6, of the Hawaii State Constitution, there is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 for deposit into the other post-employment benefits trust fund established under section 87A-42, Hawaii Revised Statutes.
SECTION 4. In accordance with article VII, section 6, of the Hawaii State Constitution, there is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 for deposit into the emergency and budget reserve fund established under section 328L-3, Hawaii Revised Statutes.
SECTION 5. This Act shall take effect on July 1, 2050; provided that section 2 shall apply to taxable years beginning after December 31, 2024.
Report Title:
Mandatory Tax Credit; Emergency and Budget Reserve Fund; Other Post-employment Benefits Trust Fund; Constitution; Appropriations
Description:
Provides a tax credit to taxpayers and makes deposits to the emergency and budget reserve fund and other post-employment benefits trust fund pursuant to article VII, section 6, of the Hawaii State Constitution. Appropriates funds. Effective 7/1/2050. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
795 |
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THIRTY-THIRD LEGISLATURE, 2025 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE GENERAL FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that article VII, section 6, of the Hawaii State Constitution requires the legislature to dispose of excess general fund revenues when certain factors are met, as follows:
(1) Provide for a tax refund or tax credit to the taxpayers of the State, as provided by law;
(2) Make a deposit into one or more funds, as provided by law, which shall serve as temporary supplemental sources of funding for the State in times of an emergency, economic downturn, or unforeseen reduction in revenue, as provided by law; or
(3) Appropriate general funds for the pre-payment of either or both of the following, as provided by law:
(A) Debt service for general obligation bonds issued by the State; or
(B) Pension or other post-employment benefit liabilities accrued for state employees.
The legislature finds that the necessary factors have been met for two successive fiscal years and that the legislature is constitutionally required to dispose of excess tax revenues, as authorized under article VII, section 6, of the Hawaii State Constitution.
Accordingly, the purpose of this Act is to implement article VII, section 6, of the Hawaii State Constitution by:
(1) Providing for an income tax credit of $ , multiplied by the number of the taxpayer's qualified exemptions, to every resident individual taxpayer of the State to satisfy constitutionally mandated requirements;
(2) Making a deposit of $ into the emergency and budget reserve fund established under section 328L-3, Hawaii Revised Statutes; and
(3) Making a deposit of $ into the other post-employment benefits trust fund established under section 87A-42, Hawaii Revised Statutes.
SECTION 2. (a) There shall be allowed each resident individual taxpayer who files an individual income tax return for the 2025 taxable year and who is not claimed or is not otherwise eligible to be claimed as a dependent by another taxpayer for federal or Hawaii state individual income tax purposes, a general income tax credit of $ , which shall be deducted from income tax liability computed under chapter 235, Hawaii Revised Statutes; provided that a resident individual who has no income or no income taxable under chapter 235, Hawaii Revised Statutes, and who is not claimed or is not otherwise eligible to be claimed as a dependent by another taxpayer for federal or Hawaii state individual income tax purposes may claim this credit.
(b) Each resident individual taxpayer may claim the general income tax credit multiplied by the number of qualified exemptions to which the taxpayer is entitled.
(c) Each person for whom the general income tax credit is claimed shall have been a resident of the State, as defined in section 235-1, Hawaii Revised Statutes, for at least nine months regardless of whether the qualified resident was physically in the State for nine months. Multiple exemptions shall not be granted for the general income tax credit because of age or deficiencies in vision, hearing, or other disability.
(d) The general income tax credit shall not be available to any:
(1) Person who has been convicted of a felony and who has been committed to prison and has been physically confined for the full taxable year;
(2) Person who would otherwise be eligible to be claimed as a dependent but who has been committed to a youth correctional facility and has resided at the facility for the full taxable year; or
(3) Misdemeanant who has been committed to jail and has been physically confined for the full taxable year.
(e) The tax credit claimed by a resident taxpayer pursuant to this section shall be deductible from the resident taxpayer's individual income tax liability for the 2025 taxable year. If the tax credit claimed by a resident taxpayer exceeds the amount of income tax payment due from the resident taxpayer, the excess of credits over payments due shall be refunded to the resident taxpayer; provided that a tax credit properly claimed by a resident individual who has no income tax liability shall be paid to the resident individual.
(f) All claims for tax credits under this section, including any amended claims, shall be filed on or before the end of the twelfth month following the close of the taxable year for which the credits may be claimed. Failure to comply with this filing requirement shall constitute a waiver of the right to claim the credit.
SECTION 3. In accordance with article VII, section 6, of the Hawaii State Constitution, there is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 for deposit into the other post-employment benefits trust fund established under section 87A-42, Hawaii Revised Statutes.
SECTION 4. In accordance with article VII, section 6, of the Hawaii State Constitution, there is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 for deposit into the emergency and budget reserve fund established under section 328L-3, Hawaii Revised Statutes.
SECTION 5. This Act shall take effect on July 1, 3000; provided that section 2 shall apply to taxable years beginning after December 31, 2024.
Report Title:
Mandatory Tax Credit; Emergency and Budget Reserve Fund; Other Post-employment Benefits Trust Fund; Constitution; Appropriations
Description:
Provides a tax credit to taxpayers and makes deposits to the emergency and budget reserve fund and other post-employment benefits trust fund pursuant to article VII, section 6, of the Hawaii State Constitution. Appropriates funds. Effective 7/1/3000. (HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
795 |
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THIRTY-THIRD LEGISLATURE, 2025 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the general fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that article VII, section 6, of the Hawaii State Constitution requires the legislature to dispose of excess general fund revenues when certain factors are met, as follows:
(1) Provide for a tax refund or tax credit to the taxpayers of the State, as provided by law;
(2) Make a deposit into one or more funds, as provided by law, which shall serve as temporary supplemental sources of funding for the State in times of an emergency, economic downturn, or unforeseen reduction in revenue, as provided by law; or
(3) Appropriate general funds for the pre-payment of either or both of the following, as provided by law:
(A) Debt service for general obligation bonds issued by the State; or
(B) Pension or other post-employment benefit liabilities accrued for state employees.
The legislature finds that the necessary factors have been met for two successive fiscal years and that the legislature is constitutionally required to dispose of excess tax revenues, as authorized under article VII, section 6, of the Hawaii State Constitution.
Accordingly, the purpose of this Act is to implement article VII, section 6, of the Hawaii State Constitution by:
(1) Providing for an income tax credit of $ , multiplied by the number of the taxpayer's qualified exemptions, to every resident individual taxpayer of the State to satisfy constitutionally mandated requirements;
(2) Making a deposit of $ into the emergency and budget reserve fund established under section 328L-3, Hawaii Revised Statutes; and
(3) Making a deposit of $ into the other post-employment benefits trust fund established under section 87A-42, Hawaii Revised Statutes.
SECTION 2. (a) There shall be allowed each resident individual taxpayer who files an individual income tax return for the 2025 taxable year and who is not claimed or is not otherwise eligible to be claimed as a dependent by another taxpayer for federal or Hawaii state individual income tax purposes, a general income tax credit of $ , which shall be deducted from income tax liability computed under chapter 235, Hawaii Revised Statutes; provided that a resident individual who has no income or no income taxable under chapter 235, Hawaii Revised Statutes, and who is not claimed or is not otherwise eligible to be claimed as a dependent by another taxpayer for federal or Hawaii state individual income tax purposes may claim this credit.
(b) Each resident individual taxpayer may claim the general income tax credit multiplied by the number of qualified exemptions to which the taxpayer is entitled.
(c) Each person for whom the general income tax credit is claimed shall have been a resident of the State, as defined in section 235-1, Hawaii Revised Statutes, for at least nine months regardless of whether the qualified resident was physically in the State for nine months. Multiple exemptions shall not be granted for the general income tax credit because of age or deficiencies in vision, hearing, or other disability.
(d) The general income tax credit shall not be available to any:
(1) Person who has been convicted of a felony and who has been committed to prison and has been physically confined for the full taxable year;
(2) Person who would otherwise be eligible to be claimed as a dependent but who has been committed to a youth correctional facility and has resided at the facility for the full taxable year; or
(3) Misdemeanant who has been committed to jail and has been physically confined for the full taxable year.
(e) The tax credit claimed by a resident taxpayer pursuant to this section shall be deductible from the resident taxpayer's individual income tax liability for the 2025 taxable year. If the tax credit claimed by a resident taxpayer exceeds the amount of income tax payment due from the resident taxpayer, the excess of credits over payments due shall be refunded to the resident taxpayer; provided that a tax credit properly claimed by a resident individual who has no income tax liability shall be paid to the resident individual.
(f) All claims for tax credits under this section, including any amended claims, shall be filed on or before the end of the twelfth month following the close of the taxable year for which the credits may be claimed. Failure to comply with this filing requirement shall constitute a waiver of the right to claim the credit.
SECTION 3. In accordance with article VII, section 6, of the Hawaii State Constitution, there is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 for deposit into the other post-employment benefits trust fund established under section 87A-42, Hawaii Revised Statutes.
SECTION 4. In accordance with article VII, section 6, of the Hawaii State Constitution, there is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 for deposit into the emergency and budget reserve fund established under section 328L-3, Hawaii Revised Statutes.
SECTION 5. This Act shall take effect on July 1, 2025; provided that section 2 shall apply to taxable years beginning after December 31, 2024.
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INTRODUCED BY: |
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Report Title:
Mandatory Tax Credit; Emergency and Budget Reserve Fund; Other Post-employment Benefits Trust Fund; Constitution; Appropriations
Description:
Provides a tax credit to taxpayers and makes deposits to the emergency and budget reserve fund and other post-employment benefits trust fund pursuant to article VII, section 6, of the Hawaii State Constitution. Appropriates funds.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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Date
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Status
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| Jul 2, 2025 | Act 267, on 07/02/2025 (Gov. Msg. No. 1370). |
| Jul 2, 2025 | Act 267, 07/02/2025 (Gov. Msg. No. 1370). |
| May 1, 2025 | Transmitted to Governor. |
| May 2, 2025 | Received notice of passage on Final Reading in House (Hse. Com. No. 821). |
| May 1, 2025 | Received notice of Final Reading (Sen. Com. No. 888). |
| Apr 30, 2025 | Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick voting no (3) and Representative(s) Cochran excused (1). |
| Apr 30, 2025 | Passed Final Reading, as amended (CD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 1 (Senator(s) DeCorte). Excused, 1 (Senator(s) McKelvey). |
| Apr 25, 2025 | 48 Hrs. Notice (as amended CD 1) 04-30-25 |
| Apr 25, 2025 | Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 244). |
| Apr 25, 2025 | Forty-eight (48) hours notice Wednesday, 04-30-25. |
| Apr 25, 2025 | Reported from Conference Committee (Conf Com. Rep. No. 244) as amended in (CD 1). |
| Apr 23, 2025 | The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Hashimoto, Moriwaki, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
| Apr 23, 2025 | The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Yamashita, Takenouchi, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none. |
| Apr 22, 2025 | Bill scheduled for Conference Committee Meeting on Wednesday, 04-23-25 10:30AM in conference room 309. |
| Apr 15, 2025 | Received notice of Senate conferees (Sen. Com. No. 788). |
| Apr 15, 2025 | Senate Conferees Appointed: Hashimoto Chair; Moriwaki, Fevella. |
| Apr 15, 2025 | Received notice of appointment of House conferees (Hse. Com. No. 732). |
| Apr 14, 2025 | House Conferees Appointed: Yamashita Chair; Takenouchi, Reyes Oda. |
| Apr 10, 2025 | Received notice of disagreement (Hse. Com. No. 621). |
| Apr 8, 2025 | House disagrees with Senate amendment (s). |
| Apr 4, 2025 | Returned from Senate (Sen. Com. No. 580) in amended form (SD 1). |
| Apr 4, 2025 | Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none). Transmitted to House. |
| Apr 2, 2025 | 48 Hrs. Notice 04-04-25. |
| Apr 2, 2025 | Report adopted; Passed Second Reading, as amended (SD 1). |
| Apr 2, 2025 | Reported from WAM (Stand. Com. Rep. No. 1536) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading. |
| Mar 31, 2025 | 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. |
| Mar 18, 2025 | The committee(s) on WAM deferred the measure until 03-31-25 10:00AM; Conference Room 211 & Videoconference. |
| Mar 13, 2025 | The committee(s) on WAM has scheduled a public hearing on 03-18-25 10:00AM; Conference Room 211 & Videoconference. |
| Mar 6, 2025 | Referred to WAM. |
| Mar 6, 2025 | Passed First Reading. |
| Mar 6, 2025 | Received from House (Hse. Com. No. 284). |
| Mar 4, 2025 | Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate. |
| Feb 28, 2025 | Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). |
| Feb 28, 2025 | Reported from FIN (Stand. Com. Rep. No. 997) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading. |
| Feb 19, 2025 | The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 12 Ayes: Representative(s) Yamashita, Takenouchi, Holt, Hussey, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) Grandinetti, Keohokapu-Lee Loy, Alcos, Ward. |
| Feb 14, 2025 | Bill scheduled to be heard by FIN on Wednesday, 02-19-25 2:00PM in House conference room 308 VIA VIDEOCONFERENCE. |
| Jan 27, 2025 | Re-referred to FIN, referral sheet 4 |
| Jan 21, 2025 | Referred to ECD, FIN, referral sheet 2 |
| Jan 21, 2025 | Introduced and Pass First Reading. |
| Jan 17, 2025 | Pending introduction. |
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Date
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Description
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Location
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Votes
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| Apr 30, 2025 | Final Reading | House Floor |
Passed |
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| Apr 30, 2025 | Final Reading | Senate Floor |
Passed |
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| Apr 4, 2025 | Third Reading | Senate Floor |
Passed |
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| Mar 31, 2025 | The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS | Senate Standing Committee on Ways and Means |
Passed |
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| Mar 4, 2025 | Third Reading | House Floor |
Passed |
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| Feb 19, 2025 | The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS | House Standing Committee on Finance |
Passed |
This list shows positions taken on this bill by organizations on the date displayed, which is linked to the original source.
Positions by individuals are not included.
CONFERENCE COMMITTEE REP. NO. 244
Honolulu, Hawaii
, 2025
RE: H.B. No. 795
H.D. 1
S.D. 1
C.D. 1
Honorable Nadine K. Nakamura
Speaker, House of Representatives
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Madam and Sir:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 795, H.D. 1, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE GENERAL FUND,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this measure is to dispose of excess general fund revenues pursuant to Article VII, section 6 of the Hawaii State Constitution, by either:
(1) Providing for an income tax credit of an unspecified amount to every qualifying resident individual taxpayer of the State;
(2) Appropriating general revenues to make a deposit of an unspecified amount into the Emergency and Budget Reserve Fund established pursuant to section 328L-3, Hawaii Revised Statutes; or
(3) Appropriating general revenues to make a deposit of an unspecified amount into the Other Post‑Employment Benefits Trust Fund established pursuant to section 87A‑42, Hawaii Revised Statutes.
Your Committee on Conference has amended this measure by:
(1) Removing the provisions that provide for an income tax credit to every qualifying resident individual taxpayer of the State and deposit into the Other Post‑Employment Benefits Trust Fund;
(2) Inserting an appropriation amount of $1,000,000 in general revenues to be deposited into the Emergency and Budget Reserve Fund;
(3) Changing the effective date to July 1, 2025; and
(4) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 795, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 795, H.D. 1, S.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE SENATE |
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ON THE PART OF THE HOUSE |
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____________________________ TROY N. HASHIMOTO Chair |
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____________________________ KYLE T. YAMASHITA Chair |
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STAND. COM. REP. NO. 1536
Honolulu, Hawaii
RE: H.B. No. 795
H.D. 1
S.D. 1
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred H.B. No. 795, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE GENERAL FUND,"
begs leave to report as follows:
The purpose and intent of this measure is to dispose of excess general fund revenues pursuant to Article VII, section 6 of the Hawaii State Constitution.
Specifically, this measure:
(1) Provides for an income tax credit to every qualifying resident individual taxpayer of the State;
(2) Makes an unspecified deposit into the emergency and budget reserve fund established pursuant to section 328L-3, Hawaii Revised Statutes; and
(3) Makes an unspecified deposit into the other post‑employment benefits trust fund established pursuant to section 87A‑42, Hawaii Revised Statutes.
Your Committee received comments on this measure from the Department of Taxation and Tax Foundation of Hawaii.
Your Committee finds that the timely passage of this measure aligns with the requirement to dispose of excess general fund revenues pursuant to Article VII, section 6, of the Hawaii State Constitution.
Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 795, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 795, H.D. 1, S.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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________________________________ DONOVAN M. DELA CRUZ, Chair |
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STAND. COM. REP. NO. 997
Honolulu, Hawaii
, 2025
RE: H.B. No. 795
H.D. 1
Honorable Nadine K. Nakamura
Speaker, House of Representatives
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Madame:
Your Committee on Finance, to which was referred H.B. No. 795 entitled:
"A BILL FOR AN ACT RELATING TO THE GENERAL FUND,"
begs leave to report as follows:
Your Committee finds that when the balance of the general fund at the close of each of two successive fiscal years exceeds five percent of the general fund revenues for each of those two fiscal years, Article VII, Section 6, of the Hawaii State Constitution requires the Legislature to dispose of excess general fund revenues through a tax credit or refund to state taxpayers; a deposit into one or more funds as supplemental sources of funding in times of an emergency, economic downturn, or unforeseen reduction in revenue; or an appropriation of general funds for the pre-payment of debt service for general obligation bonds or pension or other post-employment benefit liabilities accrued for state employees. This measure is a vehicle for taking those constitutionally mandated actions.
Your Committee has amended this measure by changing the effective date to July 1, 3000, to encourage further discussion.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 795, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 795, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ KYLE T. YAMASHITA, Chair |
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Date
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Testimony PDF
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| Mar 17, 2025 | HB795_HD1_TESTIMONY_WAM_03-18-25_.PDF |
| Feb 19, 2025 | HB795_TESTIMONY_FIN_02-19-25_.PDF |
Discussed in Hearing
2MIN
House Floor
45SEC
Conference Committee
49SEC
House Standing Committee on Finance
Bill Author
Bill Co-Author(s):