HB 2653

  • Hawaii House Bill
  • 2024 Regular Session
  • Introduced in House Mar 07, 2024
  • Passed House Mar 05, 2024
  • Passed Senate Apr 09, 2024
  • Governor

Relating To The Estate Tax.

Abstract

Conforms Hawaiʻi estate tax laws to the operative provisions of the Internal Revenue Code to decrease the burden on taxpayers and increase efficiencies in the Department of Taxation's monitoring and auditing of estate tax returns. Establishes an estate tax deduction for the value of closely held business interests that will help ensure that locally-owned family businesses can continue to contribute to the Hawaiʻi economy and assist families to retain the ownership interest in their family businesses. Effective 7/1/3000. (SD1)

Bill Sponsors (2)

Votes


Actions


Apr 16, 2024

House

Received notice of Senate conferees (Sen. Com. No. 683).

Senate

Senate Conferees Appointed: Keohokalole Chair; Kim Co-Chair; Richards, Awa.

Apr 12, 2024

Senate

Received notice of disagreement (Hse. Com. No. 731).

Apr 11, 2024

House

House disagrees with Senate amendment (s).

Apr 09, 2024

House

Returned from Senate (Sen. Com. No. 655) in amended form (SD 1).

Senate

Report Adopted; Passed Third Reading. Ayes, 23; Aye(s) with reservations: Senator(s) Shimabukuro. Noes, 2 (Senator(s) Chang, Rhoads). Excused, 0 (none). Transmitted to House.

Apr 05, 2024

Senate

One Day Notice 04-09-24.

Senate

Reported from WAM (Stand. Com. Rep. No. 3818) with recommendation of passage on Third Reading.

Senate

The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Hashimoto, Inouye, Kanuha, Kim, Lee, Shimabukuro, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Fevella.

Apr 04, 2024

Senate

The committee(s) on WAM will hold a public decision making on 04-05-24 10:20AM; CR 211 & Videoconference.

Senate

Public notice requirement waived pursuant to Senate Rule 21.

Mar 22, 2024

Senate

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

  • Reading-2
  • Referral-Committee
Ways and Means

Senate

Reported from CPN (Stand. Com. Rep. No. 3288) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

Mar 19, 2024

Senate

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: Senator(s) McKelvey ; 0 No(es): none; and 1 Excused: Senator(s) Awa.

Mar 14, 2024

Senate

The committee(s) on CPN deferred the measure until 03-19-24 9:45AM; Conference Room 229.

Mar 08, 2024

Senate

The committee(s) on CPN has scheduled a public hearing on 03-14-24 9:30AM; CR 229 & Videoconference.

Mar 07, 2024

Senate

Referred to CPN, WAM.

  • Referral-Committee
Commerce and Consumer Protection Ways and Means

Senate

Passed First Reading.

Senate

Received from House (Hse. Com. No. 425).

Mar 05, 2024

House

Passed Third Reading with Representative(s) Belatti voting aye with reservations; Representative(s) Ganaden, Hussey-Burdick, Kapela, Kila, Perruso, Poepoe voting no (6) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.

Mar 01, 2024

House

Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with Representative(s) Belatti voting aye with reservations; Representative(s) Hussey-Burdick, Kapela, Perruso, Poepoe voting no (4) and Representative(s) Cochran, Ichiyama, Matayoshi, Quinlan, Woodson excused (5).

House

Reported from FIN (Stand. Com. Rep. No. 751-24) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.

Feb 27, 2024

House

The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Chun, Garrett, Kahaloa, Morikawa, Nishimoto, Takenouchi, Alcos, Ward; Ayes with reservations: Representative(s) Aiu, Kila, Kobayashi, Lamosao, Poepoe; Noes: none; and 1 Excused: Representative(s) Cochran.

Feb 23, 2024

House

Bill scheduled to be heard by FIN on Tuesday, 02-27-24 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.

Jan 26, 2024

House

Referred to FIN, referral sheet 3

  • Referral-Committee
Finance

Jan 24, 2024

House

Introduced and Pass First Reading.

Jan 23, 2024

House

Pending introduction.

Bill Text

Bill Text Versions Format
HB2653_SD1 PDF HTML
HB2653_HD1 PDF HTML
HB2653 PDF HTML

Related Documents

Document Format
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Sources

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