Hawaii legislation · 2026 Regular Session
Hawaii HB2429: Relating to Tax Expenditure Evaluation.
Status: Signed into law, June 26, 2026
Requires tax expenditure disclosure to, and evaluation by, the Department of Business, Economic Development, and Tourism for certain income tax credits and general excise and use tax exemptions.
What the bill says
A bill for an act relating to tax expenditure evaluation.
From the enrolled text:
A BILL FOR AN ACT RELATING TO TAX EXPENDITURE EVALUATION. SECTION 1. The legislature finds that certain tax expenditures should be evaluated annually to determine whether they are efficiently fulfilling their intended purpose. Once enacted, these provisions often remain in place for years with limited reassessment. Periodic review and evaluation of tax expenditures is essential to ensure they remain effective, fair, and aligned with evolving public priorities. Regular evaluation strengthens accountability, supports sound budget decisions, ensures equitable competition, and ultimately maximizes benefits for taxpayers. The legislature further finds that income tax credits and general excise and use tax exemptions represent a form of public spending, even though they appear as reduced revenue rather than direct expenditures. Without systematic evaluation, policymakers and the public may lack clear insight, or even hard data, that can show how public resources are being used and whether anticipated outcomes are being achieved. 2026--3378 H32429 CD1 HMSO H.B. NO. ~ C.D. Especially in this uncertain economic climate, there is constant pressure to allocate limited resources among competing needs, such as education, health care, infrastructure, and public safety. Tax expenditures that were justified under past economic or social conditions may no longer reflect current priorities. Reviewing these provisions allows lawmakers to determine whether funds tied up in tax incentives could be better directed elsewhere or whether successful …
Sponsors
- Kyle Yamashita (D, 12) · primary sponsor
Latest actions
- : Act 160, on 06/25/2026 (Gov. Msg. No. 1261).
- : Act 160, 06/25/2026 (Gov. Msg. No. 1261).
- : Received notice of passage on Final Reading in House (Hse. Com. No. 888).
- : Transmitted to Governor.
- : Received notice of Final Reading (Sen. Com. No. 816).
- : Passed Final Reading as amended in CD 1 with Representative(s) Amato voting aye with reservations; Representative(s) Alcos, Cochran, Garcia, Gedeon, Muraoka voting no (5) and none excused (0).
- : Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
- : 48 Hrs. Notice (as amended CD 1) 05-06-26
- : Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 185-26).
- : Forty-eight (48) hours notice Wednesday, 05-06-26.
Votes
- Passed Final Reading, as amended (CD 1) (May 6, 2026): 25 yea, 0 nay, passed
- Final Reading as amended in CD 1 with Representative(s) Amato voting aye with reservations; Representative(s) Alcos, Cochran, Garcia, Gedeon, Muraoka voting no (5) and none excused (0) (May 6, 2026): 46 yea, 5 nay, passed
- none. (May 1, 2026): 5 yea, 0 nay, passed
- Conference Committee Vote (May 1, 2026): 2 yea, 0 nay, passed
- Report adopted; Passed Third Reading, as amended (SD 2) (April 14, 2026): 25 yea, 0 nay, passed
- WAM: recommend(s) that the measure be PASSED, WITH AMENDMENTS (April 8, 2026): 13 yea, 0 nay, passed
Subjects: Report, Exemption, Penalties, DBEDT, Tax Expenditure Evaluation, Study, Exemptions, Reports
Common questions
- What is HB2429?
- HB2429 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to Tax Expenditure Evaluation.
- What does HB2429 do?
- In its own words: A bill for an act relating to tax expenditure evaluation.
- What is the status of HB2429?
- Signed into law as of June 26, 2026. Latest action: Act 160, on 06/25/2026 (Gov. Msg. No. 1261). (June 26, 2026).
- Who sponsored HB2429?
- Kyle Yamashita (D, 12).
- Where is the official record for HB2429?
- On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=2429&year=2026
Source: official Hawaii record. Tracked by Delilah, AI for legislation across all 50 states and Congress.