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Bill

HB 2407

RELATING TO NET INVESTMENT INCOME TAX.

2026 Regular Session Introduced by Della Belatti and 5 co-sponsors

Hawaii bill HB 2407 modifies net investment income tax policy; specific impacts pending Finance Committee review of full legislative text.

Referred to FIN, referral sheet 6
#netinvestmentincometax #taxation
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Bill Summary · HB 2407

Legislative bill overview

HB 2407 relates to Hawaii's net investment income tax, though the specific provisions are not detailed in the available information. The bill was introduced in January 2026 and has advanced to the Finance Committee for review. Without access to the full bill text, the exact nature of the proposed changes—whether implementing, modifying, or eliminating such a tax—cannot be determined from the referral documents alone.

Why is this important

Net investment income taxes directly affect high-income earners, investment returns, and state revenue. Hawaii's fiscal health and tax policy competitiveness depend on how investment income is taxed. The outcome could influence both individual wealth accumulation and the state's ability to fund public services, making this relevant to both taxpayers and budget stakeholders.

Potential points of contention

  • Tax burden distribution: Whether changes would increase or decrease taxes on wealthy investors versus middle-class residents with retirement savings or modest investments
  • Economic competitiveness: How Hawaii's investment tax rates compare to neighboring states and whether changes might affect business location decisions or investment activity
  • Revenue implications: The fiscal impact on the state budget and whether any lost or gained revenue would be offset by other measures or affect service funding

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

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