Makes emergency appropriations for fiscal year 2024-2025 to the Department of Accounting and General Services and the Judiciary for payroll and fringe benefits of affected Department of Law Enforcement personnel. Effective 7/1/2077. (SD1)
Adds, as an allowable use of the Emergency and Budget Reserve Fund, economic payments to certain residents who have incurred losses in a disaster for which the Governor has declared a state of emergency.
Authorizes the issuance of special purpose revenue bonds to assist Hawaii Island Community Health Center to purchase or lease land on the island of Hawaii and develop primary care health care facilities.
Appropriates funds for collective bargaining cost items for the members of bargaining unit (8) and their excluded counterparts, including the cost of salary adjustments negotiated between the State and the bargaining unit representative for fiscal biennium 2025-2027. Effective 7/1/2050. Declares the expenditure ceiling for fiscal year 2025-2026 is exceeded. (SD1)
HB 2437 allocates state funds to the State Foundation on Culture and the Arts to support its "Artists in the Schools" program. This program directly brings professional artists into public schools to provide hands-on arts education. The bill provides concrete funding for the program's operations, including artist stipends and materials. It affects participating public schools and their students by expanding access to in-person arts instruction.
Transfers from the Department of Land and Natural Resources certain state boating facilities on Maui to the County of Maui with the corresponding revenue from those harbors. Appropriates funds.
Defines "low alcohol by volume spirits beverage". Establishes a tax on low alcohol by volume spirits beverages at a rate of $0.93 per wine gallon. Increases small craft producer production limits. Sunsets 12/31/2028. Effective 7/1/3000. (SD2)
Appropriates funds for collective bargaining cost items for the members of bargaining unit (13) and their excluded counterparts, including the cost of salary adjustments negotiated between the State and the bargaining unit representative for fiscal biennium 2025-2027. Declares the expenditure ceiling for fiscal year 2025-2026 is exceeded. Effective 7/1/2050. (SD1)
SB 592 would remove a specific tax deduction currently available to real estate investment trusts (REITs) in the state. It disallows the "dividends-paid deduction," meaning REITs would no longer be able to reduce their taxable income by the amount they pay out as dividends to shareholders. This change directly affects REITs operating within the state, impacting their tax liability starting for taxable years beginning after December 31, 2025. The bill makes a concrete policy change to the state's tax code by eliminating this deduction for REITs.
Establishes a definition of "low alcohol by volume spirits beverage". Beginning 7/1/2025, establishes a tax on low alcohol by volume spirits beverages at a rate of $1.10 per wine gallon. Takes effect 6/30/2025.
