2021 Archives
You are viewing archived information from 2021
| Measure Title: |
RELATING TO REVENUE GENERATION.
|
| Report Title: |
Revenue Generation; Personal Income Tax; Corporate Income Tax; Capital Gains; General Excise Tax Exemptions; Conveyance Tax
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| Description: |
Increases the personal income tax rate and implements a rate recapture mechanism that phases out lower tax brackets for high earners for taxable years beginning after 12/31/2020. Increases the tax on capital gains. Increases the corporate income tax and establishes a single corporate income tax rate. From 7/1/2021 through 6/30/23, temporarily repeals certain general excise tax exemptions. Increases conveyance taxes for the sale of properties valued at $1,000,000 or greater.
|
| Companion: |
SB56
|
| Package: |
None
|
| Current Referral: |
ECD, HSG, FIN
|
| Introducer(s): |
KAPELA, GANADEN, LOPRESTI, MIZUNO, NAKASHIMA, PERRUSO, WILDBERGER
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| Act: |
|
| Sort by Date | | Status Text |
| 2/2/2021 | H | Re-referred to ECD, HSG, FIN, referral sheet 4 |
| 1/27/2021 | H | Referred to FIN, referral sheet 1 |
| 1/21/2021 | H | Introduced and Pass First Reading. |
| 1/20/2021 | H | Pending introduction. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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HB3
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