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SB3125Introduced in the Senate

Relating To Income Tax.

Passed

Introduced by Ronald Kouchi, District 8

What does this bill do?

Plain-English breakdown

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Official description

PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the Renewable Energy Technologies Income Tax Credit by adding an aggregate cap amount, setting income thresholds, adding a certification requirement, and adding a sunset date. Adds sunset dates to the Capital Goods Excise Tax Credit and Renewable Fuels Production Tax Credit. PART II: Beginning 1/1/2028, repeals the Technology Infrastructure Renovation Tax Credit. Beginning 1/1/2029, repeals the High Technology Business Investment Tax Credit and Tax Credit for Research Activities. (CD2)

Where it stands

Act 024, on 05/21/2026 (Gov. Msg. No. 1124).

May 21, 2026

How did lawmakers vote?

House votes

1 recorded vote · each counted separately

Senate votes

2 recorded votes · each counted separately

SenateStage: Senate Conference: Passed, With Amendments · April 28, 2026

3

Yes

0

No

0

Absent or Not Voting

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

See how each senator voted

SenatorDistrictVote
Sharon Moriwaki12Yes
Donovan Cruz17Yes
Kurt Fevella20Yes

Bill history

  1. Pending Introduction.

  2. Introduced.

  3. Passed First Reading.

  4. Referred to WAM.

  5. The committee(s) on WAM has scheduled a public hearing on 03-05-26 10:15AM; Conference Room 211 & Videoconference.

  6. The committee(s) on WAM deleted the measure from the public hearing scheduled on 03-05-26 10:15AM; CR 211 & Videoconference.

  7. The committee(s) on WAM has scheduled a public hearing on 03-05-26 12:00PM; Conference Room 211 & Videoconference (Proposed Draft).

  8. 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, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

  9. Reported from WAM (Stand. Com. Rep. No. 2965) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.

  10. Report adopted; Passed Second Reading, as amended (SD 1).

  11. 48 Hrs. Notice 03-10-26.

  12. Passed Third Reading, as amended (SD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House.

  13. Received from Senate (Sen. Com. No. 364) in amended form (SD 1).

  14. Pass First Reading

  15. Referred to FIN, referral sheet 17

  16. Bill scheduled to be heard by FIN on Tuesday, 04-07-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.

  17. The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita; Ayes with reservations: Representative(s) Reyes Oda; 2 Noes: Representative(s) Alcos, Gedeon; and Excused: none.

  18. Reported from FIN (Stand. Com. Rep. No. 1986-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.

  19. Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Alcos, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Shimizu, Souza voting no (9) and Representative(s) Cochran excused (1).

  20. Floor Amendment No. 2 offered by Rep. Garcia.

  21. Floor amendment failed with Noes, 1 (Representative(s) Todd). Excused, 2 (Representative(s) Perruso, Quinlan).

  22. Passed Third Reading with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Alcos, Cochran, Garcia, Gedeon, Kong, Matsumoto, Muraoka, Pierick, Shimizu, Souza voting no (10) and Representative(s) Quinlan excused (1). Transmitted to Senate.

  23. Received from House (Hse. Com. No. 747).

  24. Senate disagrees with House amendments.

  25. Received notice of disagreement (Sen. Com. No. 710).

  26. House Conferees Appointed: Todd Chair; Takenouchi, Gedeon.

  27. Received notice of appointment of House conferees (Hse. Com. No. 787).

  28. Senate Conferees Appointed: Dela Cruz Chair; Moriwaki, Fevella.

  29. Received notice of Senate conferees (Sen. Com. No. 718).

  30. Conference committee meeting scheduled for 04-28-26 2:45PM; Conference Room 309.

  31. Conference committee meeting to reconvene on 04-28-26 4:00 PM; Conference Room 309.

  32. Conference committee meeting to reconvene on 04-28-26 4:45 PM; Conference Room 309.

  33. Conference committee meeting to reconvene on 04-28-26 6:45 PM; Conference Room 309.

  34. Conference committee meeting to reconvene on 04-28-26 8:00 PM; Conference Room 309.

  35. Conference committee meeting to reconvene on 04-28-26 9:00 PM; Conference Room 309.

  36. 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) Dela Cruz, Moriwaki, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

  37. The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 2 Ayes: Representative(s) Todd, Takenouchi; Ayes with reservations: none; 1 Noes: Representative(s) Gedeon; and 0 Excused: none.

  38. Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 114-26).

  39. 48 Hrs. Notice (as amended CD 1) 05-06-26.

  40. Reported from Conference Committee (Conf Com. Rep. No. 114-26) as amended in (CD 1).

  41. Forty-eight (48) hours notice Wednesday, 05-06-26.

  42. Floor Amendment No. 8 offered by Rep. Todd.

  43. Floor amendment adopted as amended CD 2 with none voting no and none excused.

  44. Forty-eight (48) hours notice Friday 05-08-26.

  45. Floor Amendment No. 7 offered.

  46. Floor amendment adopted as amended (CD 2).

  47. Separated Committee Report.

  48. Report filed.

  49. 48 Hrs. Notice 05-08-26

  50. Passed Final Reading as amended in CD 2 with Representative(s) Amato, Garcia, Iwamoto, Lowen, Muraoka, Perruso, Shimizu, Souza voting aye with reservations; Representative(s) Alcos, Cochran, Gedeon, Hashem, Lee, M., Pierick voting no (6) and none excused (0).

  51. Passed Final Reading, as amended (CD 2). Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) San Buenaventura).

  52. Received notice of Final Reading (Sen. Com. No. 820).

  53. Received notice of passage on Final Reading in House (Hse. Com. No. 889).

  54. Enrolled to Governor.

  55. Act 024, 05/21/2026 (Gov. Msg. No. 1124).

  56. Act 024, on 05/21/2026 (Gov. Msg. No. 1124).

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