Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the purpose of financing qualifying priority capital improvement projects. Appropriates funds. (CD1)
HB 355 creates a nonrefundable individual income tax credit for homeowners who pay expenses to retrofit their residences with wind-resistant devices, such as storm shutters or reinforced roofs. The credit directly benefits homeowners who make these safety upgrades, reducing the amount of income tax they owe based on their actual retrofit costs. This policy change provides a financial incentive for property improvements designed to enhance resilience against wind damage, without offering cash refunds if the credit exceeds tax liability. The bill remains pending in the 2026 legislative session.
Appropriates funds for the University of Hawaii I Hoa Na Moolelo program, including for the hiring of a graduate assistant, hiring of undergraduate writers, and acquiring a new website domain. Effective 7/1/3000. (HD1)
SB 2496 appropriates state funds to the Executive Office on Early Learning to administer support for family-child interaction learning programs. It directly affects early childhood education providers and families participating in these programs by providing dedicated funding. The key mechanism is the allocation of specific budget resources to the Executive Office, which will distribute funds to eligible local programs focused on parent-child engagement. This bill does not change program requirements but ensures financial support for existing early learning initiatives.
For taxable years beginning 1/1/2027, increases the maximum annual deduction for contributions to, and maximum account levels for, individual housing accounts.
Exempts food and groceries from the general excise tax. Expands the general excise tax exemption implemented in 2024 for certain medical and dental services to include all medical and dental services.
HB 895 allocates funds to county police departments to enforce existing fireworks laws, subject to specific conditions. It directly affects county law enforcement agencies by providing dedicated resources for fireworks-related enforcement activities. The bill's key mechanism is the appropriation of moneys for this purpose, without changing the underlying fireworks regulations. This is a funding measure, not a policy change to fireworks rules themselves.
Revises the Mixed-Income Subaccount within the Rental Housing Revolving Fund by modifying the priority list for project funding and adding new project priority criteria. Authorizes fund transfers between the Mixed-Income Subaccount without legislative approval. Authorizes conveyance tax revenues deposited into the Rental Housing Revolving Fund to be transferred to the Mixed-Income Subaccount. Appropriates funds. Effective 7/1/2050.
SB 2468 would impose an additional tax (a surcharge) on individuals with taxable income exceeding $1,000,000. The revenue generated would fund the State Medicaid Program, but only if the Legislature approves the surcharge. This bill directly affects high-income earners by increasing their tax obligation. The measure is currently in early committee review stages and requires legislative approval to become law.
This bill allocates supplemental funding to the Hawaii Judiciary for the 2025-2027 fiscal biennium. It provides additional budget resources to support court operations and judicial services during this period. The bill directly affects the Judiciary's budget planning and resource allocation. (Note: As a procedural funding measure, not a policy change, the summary is concise per guidelines.)
