HB269

Hawaii HB269 amends tax rates for net capital gains for residents and nonresidents.

Hawaii HB269 modifies the tax rates for net capital gains for both resident and nonresident taxpayers. For resident taxpayers, the bill sets a maximum tax rate on net capital gains, applying different percentages based on the amount of gain. For nonresident taxpayers, it establishes a cap on the tax imposed, again varying the rates based on the amount of taxable income. The changes apply to taxable years beginning after December 31, 2025.