Jeanné Kapela
- Democratic
- Representative
- District 5
Primary
Increases the personal income tax rate and implements a rate recapture mechanism that phases out lower tax brackets 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 6/30/23, temporarily repeals certain general excise tax exemptions. Increases conveyance taxes for the sale of properties valued at $1,000,000 or greater.
No votes to display
Carried over to 2022 Regular Session.
Re-referred to ECD, HSG, FIN, referral sheet 4
Introduced and Pass First Reading.
Pending introduction.
| Bill Text Versions | Format |
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| HB3 | PDF HTML |
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| No related documents. |
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