SB2881

Relating To State Income Tax.

Complete·6/9/26

SB2881 allows taxpayers to voluntarily withhold state income tax on distributions reported on IRS Form 1099-R.

SB2881 amends Hawaii Revised Statutes to introduce a new section allowing taxpayers to voluntarily withhold state income tax on distributions reported on Internal Revenue Service Form 1099-R. This includes distributions from individual retirement arrangements and tax-deferred annuities. The bill aims to improve tax administration, reduce taxpayer risk of underpayment, and enhance the state's ability to collect revenue in a timely and predictable manner.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.

Sponsors

DDDD
4
0
Democratic CaucusRepublican Caucus

Roll Call Votes

3 Yea

DRD

0 Nay

Calendar

Apr 30

11:00 AM

Conference Committee Meeting

Apr 7

2:00 PM

House Finance Hearing

History

Jun 9

Senate

Act 118, 06/08/2026 (Gov. Msg. No. 1218).

Jun 9

House

Act 118, on 06/08/2026 (Gov. Msg. No. 1218).

May 8

Senate

Received notice of passage on Final Reading in House (Hse. Com. No. 888).