Budget & Taxes

passed · Hawaii · House Dec 8, 2025

HB 949: RELATING TO THE LOW-INCOME HOUSING TAX CREDIT.

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 person. Extends the sunset date of Act 129, SLH 2016, relating to the low-income housing tax credit, from 12/31/2027 to 12/31/2032. Effective 7/1/3000. (HD2)

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends low-income housing tax credit sunset, ensuring continued tax incentives for affordable housing funding and program stability.92% confidence ✓ HousingSupports HousingExtends LIHTC program duration, enabling continued tax incentives for affordable housing development, aligning with supportive indicators.90% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance

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passed · Hawaii · Senate Dec 8, 2025

SB 138: RELATING TO TAXATION.

Establishes a nonrefundable income tax credit for taxpayers that incur costs related to the design, materials, installation, and construction of hurricane-resistant safe rooms. Effective 7/1/2077. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit reducing taxpayer liability, providing direct tax relief per fiscal policy indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · Senate Dec 8, 2025

SB 1215: RELATING TO THE TRANSIENT ACCOMMODATIONS TAX.

Establishes the Malama Aina Visitor Impact Tax Program within the Department of Business, Economic Development, and Tourism to allocate funds to state agencies to improve the quality of visitor experience to sustain the economic benefits contributed by the visitor industry and protect, restore, and manage the State's natural and cultural resources. Establishes the Malama Aina Visitor Impact Tax Special Fund to fund the program. Increases the transient accommodations tax by one per cent from 1/1/2026 to 12/31/2030 and requires the additional tax revenues to be deposited into the Special Fund. Requires the Department to submit annual reports to the Legislature. Repeals 12/31/2030.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases transient accommodations tax by 1% to fund visitor experience and resource management programs via dedicated special fund, strengthening fiscal allocation for state services.95% confidence

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passed · Hawaii · Senate Dec 8, 2025

SB 1553: RELATING TO THE DEPARTMENT OF HAWAIIAN HOME LANDS.

Appropriates moneys from the Act 279 Special Fund for the Department of Hawaiian Home Lands to purchase a parcel of land identified as tax map key: (1) 9-1-013-025. Effective 7/1/2050. (SD2)

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates Act 279 Special Fund moneys for DHHL land purchase, advancing budgeted program funding under appropriations.90% confidence

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passed · Hawaii · Senate Mar 25, 2026

SB 3333: RELATING TO TAXATION.

Requires each county to apply any applicable real property tax exemptions, reduced assessments, or tax classifications for any affordable housing subject to income, resale, or occupancy restrictions as of the date a qualifying owner takes title to the affordable housing for the upcoming tax period, consistent with county procedures. Effective 4/19/2042. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates tax exemptions for affordable housing, providing real property tax relief to lower-income housing owners per bill's tax relief focus.95% confidence ✓ HousingSupports HousingRequires counties to maintain tax exemptions for affordable housing with restrictions, directly supporting affordability through tax relief for qualifying units.95% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Housing Finance Property Taxes

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in committee · Hawaii · Senate Dec 8, 2025

SB 704: RELATING TO THE EARNED INCOME TAX CREDIT.

Permanently increases the state earned income tax credit to fifty per cent of the federal earned income tax credit. Applies to taxable years beginning after 12/31/2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesPermanently increases state EITC to 50% of federal credit, providing tax relief for low-income earners per bill's explicit language.95% confidence

Sub-Topics Income Tax Tax Credits

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passed · Hawaii · Senate Dec 8, 2025

SB 1562: RELATING TO AGRICULTURE.

Establishes the Combined Housing Operational Agriculture Mobilization Program to assist bona fide farmers to live and farm on agricultural lands. For taxable years beginning 1/1/2026, establishes a tax credit for land donated to the Program. Appropriates funds. Effective 7/1/2050. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for land donations to agricultural program and appropriates funds, providing tax relief and funding for farming housing initiative.90% confidence

Sub-Topics Tax Credits

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in committee · Hawaii · House Dec 8, 2025

HB 85: RELATING TO THE LAND CONSERVATION FUND.

Sets the amount of conveyance tax revenues to be paid into the Land Conservation Fund to a certain per cent or monetary cap, whichever is less, of conveyance taxes collected each fiscal year. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects conveyance tax revenues to Land Conservation Fund, ensuring dedicated funding for conservation programs per fiscal year.90% confidence ✓ EnvironmentSupports EnvironmentBill mandates conveyance tax revenues to fund the Land Conservation Fund, directly supporting land conservation and natural resource protection.95% confidence

Sub-Topics Conservation

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in committee · Hawaii · Senate Dec 8, 2025

SB 373: RELATING TO ONLINE FANTASY SPORTS.

Establishes an online fantasy sports contests registration and monitoring program under the Department of the Attorney General. Imposes an online fantasy sports contests tax on the gross revenues of registrants. Establishes the Online Fantasy Sports Contests Special Fund and allocates proceeds of the fund to the Lahaina community recovery efforts. Exempts registered online fantasy sports contests from state gambling laws. Appropriates funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes tax on online fantasy sports gross revenues and appropriates funds to Lahaina recovery, directly funding a program through new taxation.95% confidence

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passed · Hawaii · Senate Mar 10, 2026

SB 2362: RELATING TO TAXATION.

SB 2362 would eliminate a specific tax deduction for real estate investment trusts (REITs), requiring them to pay taxes on dividends they distribute to shareholders instead of deducting those payments. This change directly affects REITs, which are companies that own and operate real estate properties and typically rely on this deduction to reduce taxable income. The key provision removes the "dividends paid deduction" from the tax code, meaning REITs would no longer be able to subtract their dividend payments from their taxable earnings. This policy change would increase the tax burden on REITs without altering their operational structure.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates REIT tax deduction, closing a loophole to increase tax revenue from real estate entities, aligning with fiscal responsibility indicators.95% confidence

Sub-Topics Business Taxes Income Tax

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