Hawaii HB269 amends tax rates for resident and nonresident corporations, regulated investment companies, and real estate investment trusts.

Hawaii HB269 modifies the tax rates for resident and nonresident corporations, regulated investment companies, and real estate investment trusts. It introduces a new tax structure for resident corporations with net capital gains, imposing a tax of 7.25% on income exceeding a certain amount. For nonresident and foreign taxpayers, the bill sets a maximum tax limit based on specific calculations. The changes apply to taxable years beginning after December 31, 2025.

Hawaii HB269 amends tax rates for resident and nonresident corporations, regulated investment companies, and real estate investment trusts.

Hawaii HB269 modifies the tax rates for resident and nonresident corporations, regulated investment companies, and real estate investment trusts. It introduces a new tax structure for resident corporations with net capital gains, imposing a tax of 7.25% on income exceeding a certain amount. For nonresident and foreign taxpayers, the bill sets a maximum tax limit based on specific calculations. The changes apply to taxable years beginning after December 31, 2025.