Hawaii · 2025 Regular Session · Bill
HB 1235: RELATING TO A WEALTH ASSET TAX.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1235 is a bill introduced in the Hawaii House on January 22, 2025. According to its official title, it concerns: RELATING TO A WEALTH ASSET TAX. Primary sponsor: Jeanné Kapela (Democratic), Terez Amato (Democratic), Tina Grandinetti (Democratic), Kim Coco Iwamoto (Democratic), Trish La Chica (Democratic). Most recent recorded action (January 27, 2025): Referred to FIN, referral sheet 4.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Establishes a wealth asset tax of one per cent of the state net worth of each individual taxpayer who holds $20,000,000 or more in assets in the State.
Sponsors
Sponsors by party (alphabetical): Democratic 5
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jeanné Kapela | Primary sponsor | Democratic | House | 5 |
| Terez Amato | Primary sponsor | Democratic | House | 11 |
| Tina Grandinetti | Primary sponsor | Democratic | House | 20 |
| Kim Coco Iwamoto | Primary sponsor | Democratic | House | 25 |
| Trish La Chica | Primary sponsor | Democratic | House | 37 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Referred to FIN, referral sheet 4
- Introduced and Pass First Reading.
- Pending introduction.