31st Legislature, 2021
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Floor session convene time for July 28, 2021:
Senate: 10:00 a.m.
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HB3       (?)


Measure Title: RELATING TO REVENUE GENERATION.
Report Title: Revenue Generation; Personal Income Tax; Corporate Income Tax; Capital Gains; General Excise Tax Exemptions; Conveyance Tax
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

Sort by Date Status Text
1/20/2021HPending introduction.
1/21/2021HIntroduced and Pass First Reading.
1/27/2021HReferred to FIN, referral sheet 1
2/2/2021HRe-referred to ECD, HSG, FIN, referral sheet 4

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB3



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