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Bill

SB 1043

RELATING TO TAXATION.

2025 Regular Session Introduced by Henry Aquino and 3 co-sponsors

Hawaii tax bill SB 1043 passed House committees but stalled in Finance before carryover to 2026; specific provisions and fiscal impacts remain unclear from available records.

Reported from ECD (Stand. Com. Rep. No. 1379) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
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Bill Summary · SB 1043

Legislative bill overview

SB 1043 is a taxation bill introduced in the Hawaii Legislature by Representatives Keohokalole, Wakai, Aquino, and DeCoite. The bill was amended during the House second reading (HD 1) and passed out of the Economic Development Committee but stalled in the Finance Committee before being carried over to the 2026 session. Without access to the bill's specific text, the exact tax provisions cannot be detailed here.

Why is this important

Taxation bills directly affect state revenue, individual taxpayer obligations, and business operations. Given Hawaii's unique economic challenges—including high cost of living and reliance on tourism—tax policy changes have outsized impacts on residents and the state budget. The bill's advancement through committee suggests legislative support, but its Finance Committee referral indicates fiscal concerns warranting further examination.

Potential points of contention

  • Lack of transparency in available records: The bill's actual provisions are not specified in the legislative history provided, making it difficult to assess whether it raises or lowers taxes, expands or contracts the tax base, or targets specific industries or income levels
  • Committee stalling: The bill was referred to Finance but never advanced, suggesting potential budgetary concerns or disagreement over fiscal impact among committee members
  • Carry-over timing: The delay to 2026 may indicate either low legislative priority or unresolved disputes over implementation details

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

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