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Hawaii · 2025 Regular Session · Bill

SB 313: RELATING TO A WEALTH ASSET TAX.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 313 is a bill introduced in the Hawaii Senate on January 14, 2025. According to its official title, it concerns: RELATING TO A WEALTH ASSET TAX. Primary sponsor: Karl Rhoads (Democratic). Most recent recorded action (February 12, 2025): Reported from JDC (Stand. Com. Rep. No. 359) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

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.

Beginning January 1, 2030, 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. Effective 4/23/2057. (SD1)

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Karl RhoadsPrimary sponsorDemocraticSenate13

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Reported from JDC (Stand. Com. Rep. No. 359) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
  2. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
  3. The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Awa; Aye(s) with reservations: Senator(s) Chang, San Buenaventura ; 0 No(es): none; and 0 Excused: none.
  4. The committee(s) on JDC has scheduled a public hearing on 01-30-25 9:15AM; Conference Room 016 & Videoconference.
  5. Referred to JDC, WAM.
  6. Introduced and passed First Reading.
  7. Pending Introduction.

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source