RELATING TO TAX INCREMENT FINANCING.
HB 1457 authorizes the Department of Hawaiian Home Lands (DHHL) to request tax increment financing (TIF) from counties for specific projects. TIF allows counties to use future tax revenue growth from a designated area to fund current development or infrastructure improvements. The bill directly affects DHHL and county governments by creating a formal process for DHHL to access this financing tool. It does not change existing tax rates or create new taxes, but rather establishes a pathway for DHHL to leverage anticipated local tax growth. The bill takes effect July 1, 3000, as stated in the official abstract.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2025
Last action Feb 13, 2025
Maddy AI version diff · 1 comparison
What changed between versions
HB1457
→
HB1457_HD1
·
3 edits
MINOR
This bill revision transfers authority over tax increment financing from the Hawaiian Homes Commission to the Department of Hawaiian Home Lands, allowing the department to directly apply to counties for tax increment financing rather than designating districts for counties to establish. The effective date was also changed from immediate approval to July 1, 3000, likely as a placeholder for future legislation.
Scope change
The bill's scope shifted from the Hawaiian Homes Commission designating districts to the Department of Hawaiian Home Lands applying for financing, changing the administrative entity responsible for initiating tax increment financing projects.
ELIGIBILITY
Authority to designate tax increment districts was transferred from the Hawaiian Homes Commission to the Department of Hawaiian Home Lands, which now applies to counties for financing instead of designating districts directly.
TIMELINE
The effective date of the Act was changed from immediate approval upon passage to July 1, 3000, indicating this is likely a placeholder date for future legislative action.
TECHNICAL
Minor text formatting changes including removal of page headers and footers, and correction of statutory language formatting.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
3
Feb 13, 2025
Committee
Reported from JHA (Stand. Com. Rep. No. 628) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
lower
Jan 31, 2025
Lower · Passed
The committee on JHA recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Tarnas, Poepoe, Belatti, Hashem, Kahaloa, Perruso, Takayama, Shimizu; Ayes with reservations: none; 1 Noes: Representative(s) Garcia; and 2 Excused: Representative(s) Cochran, Todd.
lower
Jan 27, 2025
Committee
Referred to JHA, FIN, referral sheet 4
lower
Jan 23, 2025
Introduced
Introduced and Pass First Reading.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ikaika Hussey
DDemocratic
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