Hawaii HB1850 amends capital gains tax rates for individuals, estates, and trusts, and corporations.
Hawaii HB1850 modifies the capital gains tax for individuals, estates, and trusts by introducing a new tax rate structure. It also changes the tax for corporations, regulated investment companies, and real estate investment trusts, imposing an alternative tax based on net capital gain. The new tax rates and structures will apply to taxable years beginning after December 31, 1986, and the changes will take effect on July 1, 2026.
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