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SB2884Introduced in the Senate

Relating To Taxation.

IntroducedSenate Ways and Means

Introduced by Mike Gabbard, District 21

What does this bill do?

Plain-English breakdown

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Official description

Establishes a nonrefundable individual income tax credit for a certain percentage of expenses paid to retrofit a residence with wind resistive devices or to purchase, install, or construct, a hurricane shelter on the taxpayer's property. Reduces the general excise tax rate on the gross proceeds or income from the sale of a concrete high-rise certified hurricane-resistant residential project or certain hurricane-resistant components of the project. Applies to taxable years beginning after 12/31/2026. Sunsets 12/31/2030. Effective 7/1/2050. (SD1)

Where it stands

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

February 20, 2026

How did lawmakers vote?

SenateStage: Senate Commerce and Consumer Protection: Passed, With Amendments · February 18, 2026

4

Yes

0

No

1

Absent or Not Voting

5 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

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See how each senator voted

Bill history

  1. Introduced.

  2. Passed First Reading.

  3. Referred to CPN, WAM.

  4. The committee(s) on CPN has scheduled a public hearing on 02-18-26 9:30AM; Conference Room 229 & Videoconference.

  5. 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, Lamosao, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.

  6. Reported from CPN (Stand. Com. Rep. No. 2652) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

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

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