Stanley Chang
- Democratic
- Senator
- District 9
Primary
Increases the personal income tax rate for high earners for taxable years beginning after 12/31/2020. Increases the tax on capital gains. Increases the corporate income tax and establishes a single corporate income tax rate. From 7/1/2021 through 6/30/2023, temporarily repeals certain general excise tax exemptions. Increases conveyance taxes for the sale of properties valued at $4,000,000 or greater. (SD1)
Referred to ECD, HSG, CPC, FIN, referral sheet 22
Pass First Reading
Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: Senator(s) Ihara. Noes, 1 (Senator(s) Riviere). Excused, 0 (none). Transmitted to House.
Received from Senate (Sen. Com. No. 146) in amended form (SD 1).
Reported from WAM (Stand. Com. Rep. No. 764) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
Report adopted; Passed Second Reading, as amended (SD 1).
48 Hrs. Notice 03-09-21.
The committee(s) on WAM deferred the measure until 03-04-21 1:51PM; CR 211 & Videoconference.
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, English, Inouye, Kanuha, Kidani, Moriwaki, Shimabukuro, Taniguchi, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
The committee(s) on WAM deferred the measure until 03-04-21 10:05AM; CR 211 & Videoconference.
The committee(s) on WAM has scheduled a public hearing on 03-02-21 9:25AM; CR 211 & Videoconference.
Introduced.
Passed First Reading.
| Bill Text Versions | Format |
|---|---|
| SB56_SD1 | PDF HTML |
| SB56 | PDF HTML |
| Document | Format |
|---|---|
| Committee Report SB56_SD1_SSCR764_ | PDF HTML |
| Testimony SB56_TESTIMONY_WAM_03-02-21_ |
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