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Bill

Bill

HB 1265

RELATING TO TAX CREDITS.

2026 Regular Session Introduced by Terez Amato and 4 co-sponsors

Hawaii HB 1265 proposes modifications to state tax credits; referred to three committees and carried over to 2026 for further consideration.

Carried over to 2026 Regular Session.
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Bill Summary · HB 1265

Legislative bill overview

HB 1265 is a Hawaii bill relating to tax credits that was introduced in the 2025 legislative session. The bill has been referred to three committees (Energy and Environmental Protection, Economic and Community Development, and Finance) for review. As of December 2025, it was carried over to the 2026 regular session without passage.

Why is this important

Tax credit legislation directly affects state revenue and can influence business investment, consumer behavior, and economic development priorities. The multi-committee referral suggests this bill addresses tax credits across multiple policy domains—potentially energy efficiency, clean technology, or business incentives—making it relevant to both fiscal and economic development stakeholders.

Potential points of contention

  • Fiscal impact uncertainty: Without the bill text available, the revenue implications for the state budget are unclear; credits that reduce tax collection could face Finance Committee scrutiny
  • Equity and access concerns: Tax credits often benefit higher-income individuals or established businesses; questions may arise about whether benefits are broadly distributed or concentrated
  • Definitional and administrative scope: The referral to three committees suggests potential disagreement over which sectors or activities qualify, how credits are administered, and whether state agencies have adequate resources to implement them

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

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