SB 721: RELATING TO THE ESTATE TAX.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Amends the exclusion amount of Hawaii's estate tax. Repeals exemption for tax imposed on transfer of taxable estate located in Hawaii for nonresidents and nonresidents who are not citizens. Applicable to decedents dying or taxable transfers occurring after 12/31/2024. Effective 7/1/2050. (SD1)

Sponsors

Sponsors by party (alphabetical): Democratic 1

“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. December 8, 2025Carried over to 2026 Regular Session.
2. March 4, 2025Referred to FIN, referral sheet 18
3. February 28, 2025Pass First Reading
4. February 27, 2025Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none). Transmitted to House.
5. February 27, 2025Received from Senate (Sen. Com. No. 29) in amended form (SD 1).
6. February 18, 2025Reported from WAM (Stand. Com. Rep. No. 693) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
7. February 18, 2025Report adopted; Passed Second Reading, as amended (SD 1).
8. February 18, 202548 Hrs. Notice 02-27-25.
9. February 12, 2025The 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, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
10. February 7, 2025The committee(s) on WAM has scheduled a public hearing on 02-12-25 10:00AM; Conference Room 211 & Videoconference.
11. January 23, 2025Referred to WAM.
12. January 21, 2025Passed First Reading.

Showing 12 most recent of 13 actions. Full history