Authorizes the Department of Agriculture and Biosecurity to package and sell a portion of its agricultural loan portfolio to permitted third parties. Appropriates funds out of the Agricultural Loans Revolving Fund to increase its expenditure ceiling. Effective 7/1/2050. (SD1)
Restructures the conveyance tax to a marginal rate system for the sale of properties with residential use, adjusts the tax for multifamily properties to reflect value on a per-unit basis, and applies a cost-of-living adjustment to conveyance tax rates. Allocates revenues from conveyance tax collections. Allocates a portion of conveyance tax collections to the Dwelling Unit Revolving Fund to fund infrastructure programs in areas that meet minimum standards of transit-supportive density. Allocates a portion of conveyance tax revenues to the Hawaii Agricultural Development Revolving Fund, Special Land and Development Fund, and Hawaiian Home Lands Infrastructure and Housing Special Fund. Establishes and appropriates funds out of the Hawaiian Home Lands Infrastructure and Housing Special Fund. Authorizes the Hawaii Agricultural Development Revolving Fund to be used to acquire land. Effective 7/1/3000. (SD1)
This resolution formally supports the Native Hawaiian Intellectual Property Working Group's request for additional resources and an extended timeline to complete its work during fiscal year 2026-2027. The Working Group, composed of representatives from various Native Hawaiian organizations, was established to develop solutions for protecting Native Hawaiian intellectual property from inappropriate appropriation. By approving this request, the legislature acknowledges the need for sufficient time to conduct culturally appropriate community consultations and ensure the group's recommendations reflect the collective views of Native Hawaiians.
This bill is a concurrent resolution that formally supports the Native Hawaiian Intellectual Property Working Group's request for additional funding and an extended timeline to complete its work through fiscal year 2026-2027. The resolution acknowledges the group's role in protecting Native Hawaiian cultural and traditional knowledge from misappropriation and recognizes the need for more time to conduct community consultations that reflect Native Hawaiian perspectives. By approving this request, the legislature affirms its commitment to honoring the state's constitutional duty to preserve Native Hawaiian rights and cultural assets. The measure does not create new laws or programs but serves as an official endorsement of the working group's operational needs.
This bill declares that affordable housing credits issued in Hawaii are perpetual assets that remain valid until they are used to meet housing obligations, rather than expiring after a set period. It directly affects local county governments and developers who rely on these credits to fulfill affordable housing requirements under state law. The resolution clarifies that administrative agreements between counties and housing agencies should not impose expiration dates or other restrictions that are not authorized by existing statutes. By ensuring these credits maintain their full value and transferability, the bill aims to protect the financial incentives for developers and support the state's long-term housing goals.
Establishes the Mixed-Income Subaccount within the Rental Housing Revolving Fund to prioritize development of workforce rental and for-sale housing projects for qualified residents. Requires the Hawaii Housing Finance and Development Corporation to adopt administrative rules. Appropriates moneys. Effective 7/1/2050. (SD2)
Clarifies that a partner or member that is a partnership or limited liability company that has been allocated a low-income housing tax credit may either further allocate the credit or transfer, sell, or assign all or a portion of the credit to any taxpayer. Extends the sunset date of Act 129, SLH 2016, relating to the low-income housing tax credit, until 12/31/2032. Effective 7/1/3000. (HD1)
Establishes the Mixed-Income Subaccount within the Rental Housing Revolving Fund that targets workforce rental housing projects for persons and families with incomes at or below one hundred forty per cent of the area median income. Authorizes the Director of Finance to transfer funds from the Rental Housing Revolving Fund into the Mixed-Income Subaccount. Appropriates funds into and out of the Mixed-Income Subaccount of the Rental Housing Revolving Fund. Effective 7/1/3000. (HD1)
For taxable years, beginning 1/1/2026, increases the maximum annual deduction for contributions to, and maximum account levels for, individual housing accounts. Takes effect 7/1/2050. (SD1)
Appropriates funds to be used by the Department of Hawaiian Home Lands for mercantile projects, as well as lump sum repair and maintenance, in fiscal year 2025-2026. Effective 7/1/3000. (SD1)