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SB 3125

Hawaii Senate•Enrolled

Summary

SB 3125, “Relating To Income Tax”, was introduced in the Senate on Jan 26, 2026 by Sen. Ronald Kouchi (D). It last saw action on May 8, 2026: Enrolled to Governor.

Record

Text

SB 3125 has 3 roll calls.

sb3125/amended.txt
HOUSE OF REPRESENTATIVES
AMENDMENT TO:
Senate Bill No. 3125,
  S.D. 1, H.D. 1, C.D. 1
OFFERED BY:
DATE:
����������� SECTION
1.� Senate Bill No. 3125, S.D. 1, H.D. 1, C.D. 1, is amended by amending
section 1, page 1, lines 2-3, to read:
���� "SECTION 1.�
Section 235-12.5, Hawaii Revised Statutes, is amended to read as follows:"
����������� SECTION
2.� Senate Bill No. 3125, S.D. 1, H.D. 1, C.D. 1, is amended by amending
section 1, page 13, lines 13-14, to read:
���� "(p)� This
section shall not apply to taxable years beginning after December 31, 2029.""
����������� SECTION
3.� Senate Bill No. 3125, S.D. 1, H.D. 1, C.D. 1, is amended by amending
section 2, page 13, lines 15-17, to read:
���� "SECTION
2.� Section 235-51, Hawaii Revised Statutes, is amended by amending subsections
(a), (b), and (c) to read as follows:"
SECTION
4.� Senate Bill No. 3125, S.D. 1, H.D. 1, C.D. 1, is amended by amending
section 9 to read:
"SECTION
9.� This Act shall take effect upon its approval; provided that:
���� (1)� Section 1 shall apply
retroactively to taxable years beginning after December 31, 2025; provided that
the amendments to section 235-12.5(a), Hawaii Revised Statutes, shall apply to
taxable years beginning after December 31, 2026;
���� (2)� Sections 2, 3, and 4
shall apply to taxable years beginning after December 31, 2026;
���� (3)� Section 6 shall take
effect on January 1, 2028; and
���� (4)� Section 5 shall take
effect on January 1, 2029."
CARRIED
FAILED TO CARRY
WITHDRAWN
CHIEF CLERK, HOUSE
  OF REPRESENTATIVES

PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the Renewable Energy Technologies Income Tax Credit by adding an aggregate cap amount, setting income thresholds, adding a certification requirement, and adding a sunset date. Adds sunset dates to the Capital Goods Excise Tax Credit and Renewable Fuels Production Tax Credit. PART II: Beginning 1/1/2028, repeals the Technology Infrastructure Renovation Tax Credit. Beginning 1/1/2029, repeals the High Technology Business Investment Tax Credit and Tax Credit for Research Activities. (CD2)

Sponsors

Sen. Ronald Kouchi (D) sponsors SB 3125 alone.

Ronald Kouchi

Sen. · D–8 · Sponsor

Committees

SB 3125 went before 2 committees: Ways and Means and Finance.

Ways and Means
Ways and Means
Referred to · Feb 2, 2026
Finance
Finance
Referred to · Mar 12, 2026 · 464 Bills

History

SB 3125 has taken 53 actions since Jan 26, 2026, the latest on May 8, 2026.

ChamberAction
May 8, 2026
House
Passed Final Reading as amended in CD 2 with Representative(s) Amato, Garcia, Iwamoto, Lowen, Muraoka, Perruso, Shimizu, Souza voting aye with reservations; Representative(s) Alcos, Cochran, Gedeon, Hashem, Lee, M., Pierick voting no (6) and none excused (0).
May 8, 2026
Senate
Passed Final Reading, as amended (CD 2). Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) San Buenaventura).
May 8, 2026
House
Received notice of Final Reading (Sen. Com. No. 820).
May 8, 2026
Senate
Enrolled to Governor.
May 6, 2026
House
Floor Amendment No. 8 offered by Rep. Todd.

Votes

SB 3125 went to 3 roll calls across both chambers, the latest on Apr 28, 2026 at 2–1.

ChamberQuestion
Yea
Nay
Apr 28, 2026
House
House Conference: Passed, With Amendments
2
1
Apr 28, 2026
Senate
Senate Conference: Passed, With Amendments
3
0
Mar 5, 2026
Senate
Senate Ways and Means: Passed, With Amendments
13
0

Source: capitol.hawaii.gov · legiscan.com