This bill urges Hawaii's counties to create additional property tax relief programs for senior citizens who have owned and lived in their primary homes for at least ten consecutive years. The resolution specifically targets homeowners aged 65 or older and requests that these new programs supplement existing county tax relief measures while excluding rental or investment properties. It asks counties to develop reasonable eligibility verification procedures to confirm age, ownership, and occupancy before granting tax reductions. As a non-binding concurrent resolution, the bill does not mandate action but formally requests county officials to consider implementing these relief programs to help seniors age in place.
This House Resolution urges Hawaii's county governments to eliminate real property taxes. It asks counties to study how to replace this revenue with other funding sources while maintaining essential services like public safety and infrastructure. The resolution highlights concerns about rising property costs affecting homeowners, renters, and elderly residents, but does not mandate any specific tax changes. Copies of this non-binding recommendation are sent to county mayors and council chairs for their consideration.
This bill urges Hawaii's county governments to eliminate real property taxes by conducting fiscal analyses and exploring alternative revenue sources to maintain essential services. It directly affects homeowners, renters, small businesses, and long-term residents by calling for a reduction in the financial burden caused by rising property valuations and high living costs. The resolution does not mandate tax elimination but encourages counties to evaluate the feasibility of phasing out these taxes while ensuring public safety, infrastructure, and community facilities remain adequately funded.
This House Resolution urges Hawaii's county governments to create new property tax relief programs for senior citizens who have lived in their homes for at least ten consecutive years. The proposal specifically targets homeowners aged 65 or older who have owned and occupied their primary residence for a decade, excluding rental or investment properties. It requests that counties add these new programs to existing tax relief options and establish verification procedures to confirm eligibility. The resolution aims to help long-term residents manage rising housing costs while supporting community stability and aging in place.
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. Establishes the Transit-Oriented Development Infrastructure Subaccount within the Dwelling Unit Revolving Fund. Allocates a portion of conveyance tax collections to the Transit-Oriented Development Infrastructure Subaccount and Hawaiian Home Lands Infrastructure and Housing Special Fund. Establishes and appropriates funds out of the Hawaiian Home Lands Infrastructure and Housing Special Fund. Effective 7/1/3000. (HD2)
HB 2150 removes a specific tax deduction for real estate investment trusts (REITs). It disallows REITs from deducting dividends they pay to shareholders when calculating their taxable income. This change directly affects REITs by increasing their taxable income and potentially raising their tax burden. The bill creates a concrete policy shift in how REITs are taxed under state law.
Establishes a limited right of first refusal for the Department of Hawaiian Home Lands with respect to county real property tax sales. Requires advance notice from the counties to the Department of Hawaiian Home Lands of qualifying properties. (SD1)
SCR 9 is a non-binding resolution urging Hawaii counties to freeze property taxes on the primary residences of homeowners aged 75 and older. This would directly assist elderly homeowners, who face financial strain from Hawaii's high cost of living and fixed incomes, by reducing a major recurring expense. The freeze would apply only to primary residences and end if the property is sold, transferred, or the homeowner is no longer the owner. The resolution is addressed to county officials to encourage voluntary action but does not require counties to implement the policy.
For taxable years beginning 1/1/2027: (1) increases the maximum annual and total allowable deduction for contributions to individual housing accounts for income tax deductions; and (2) increases the maximum allowable contributions for individual housing accounts to qualify for the income tax deductions. Repeals outdated language applicable to first‑time home purchases made before 1/1/1990, by persons with an individual housing account. (CD1)
HCR 7 is a non-binding resolution urging Hawaii counties to implement a property tax freeze on primary residences for homeowners aged 75 and older. It directly affects seniors who own their primary homes, aiming to improve financial stability amid Hawaii's high cost of living (rated 179 in 2024) and stagnant fixed incomes. The resolution specifies the tax freeze would end if the property is sold, transferred, or the homeowner no longer owns it. This is a recommendation to local governments, not a law requiring state action.
