WeVote
Log In

Bill

Bill

SB 349

RELATING TO CAPITAL GAINS.

2026 Regular Session Introduced by Sharon Moriwaki and 1 co-sponsor

Hawaii SB 349 modifies capital gains taxation rules; currently in committee review after introduction in January 2025.

Carried over to 2026 Regular Session.
#capitalgainstax #rate #repeal
0
WeVote Research Nonpartisan
Bill Summary · SB 349

Legislative bill overview

SB 349 is a Hawaii bill relating to capital gains taxation, though the specific provisions are not detailed in the available legislative record. Based on the bill number and subject matter, it likely proposes modifications to how Hawaii taxes investment income, property sales, or other capital gains. The bill was introduced in January 2025 and carried over to the 2026 legislative session for further consideration.

Why is this important

Capital gains taxation directly affects investment decisions, property markets, and state revenue. Hawaii's approach to taxing investment income influences both individual finances and the state budget, making this legislation relevant to investors, homeowners, and taxpayers across income levels. How capital gains are taxed can also impact economic competitiveness and wealth accumulation patterns in the state.

Potential points of contention

  • Revenue vs. economic growth: Higher capital gains taxes increase state revenue but may discourage investment and business expansion in Hawaii
  • Equity concerns: Capital gains taxation can disproportionately affect different income groups depending on the tax structure and exemption thresholds
  • Implementation complexity: Defining what qualifies as capital gains and calculating tax obligations requires clear rules that may create compliance challenges for taxpayers and administrators

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.