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SB 3028 HD1 

Conveyance (HRS 247)

SUBJECT: CONVEYANCE, Restructure and Hike 

BILL NUMBER: SB 3028 HD1 

INTRODUCED BY: HSG 

EXECUTIVE SUMMARY: 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 a portion of conveyance tax collections to the Dwelling Unit Revolving Fund, Hawaiian Home Lands Infrastructure and Housing Special Fund, and Special Land and Development Fund. Establishes and appropriates funds out of the Hawaiian Home Lands Infrastructure and Housing Special Fund. Effective 7/1/3000. (HD1) 

SYNOPSIS:  Amends section 171-19, HRS, relating to the special land and development fund, allowing it to receive money from a conveyance tax earmark and explicitly allowing it to acquire land.   Continue reading SB 3028 HD1  →

SB 3125 SD1 

Net Income (HRS 235)

SUBJECT:  INCOME, Repeal High Tax Brackets, Add Debarment Provisions to Low Income Credits, Repeal Business Tax Credits 

BILL NUMBER: SB 3125 SD1 

INTRODUCED BY:  WAM 

EXECUTIVE SUMMARY: PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the child and dependent care tax credit by: (1) Changing the applicable percentage of the employment-related expenses for which the credit may be claimed to an unspecified percentage; (2) Providing for a disallowance period when there is a final administrative or judicial decision finding that the claim was due to fraud or disallowing the credit; and (3) Defining “adjusted gross income”. Extends the repeal date for amendments made by Act 163, SLH 2023 to the child and dependent care tax credit, earned income tax credit, and food/excise tax credit to an unspecified date. PART II: Beginning 1/1/2029, repeals the following tax credits: Renewable Energy Technologies Income Tax Credit, Capital Goods Excise Tax Credit, High Technology Business Investment Tax Credit, Renewable Fuels Production Tax Credit, Technology Infrastructure Renovation Tax Credit, Ship Repair Industry Tax Credit, and Tax Credit for Research Activities. Effective 7/1/2050. (SD1) 

SYNOPSIS:  Amends section 235-51, HRS, by deleting tax brackets in the modifications in the tax rate schedules that are scheduled to take effect in 2027 and 2029:  Continue reading SB 3125 SD1  →

Miscellaneous

SUBJECT: MISCELLANEOUS, Limit Independent Audit Requirement for Deposit Beverage Container Program 

BILL NUMBER: SB 3138 HD1 

INTRODUCED BY: EEP 

EXECUTIVE SUMMARY: Requires deposit beverage distributors to obtain independent audits at certain frequencies based on the amount of deposit beverage containers distributed. Requires independent audits to assess specific criteria and report certain information. Requires the Department of Health to develop a web-based system to allow online submission of reports. Effective 7/1/3000. (HD1) 

SYNOPSIS:  Adds a new section to chapter 342G, HRS, to require an independent audit of deposit beverage distributors as follows:  Continue reading →

SB 3183 SD2 

Net Income (HRS 235)

SUBJECT: INCOME, Restrict Renewable Energy Technologies; Income Tax Credit to Taxpayers Under $250K AGI  

BILL NUMBER: SB 3183 SD2

INTRODUCED BY:  WAM

EXECUTIVE SUMMARY: Prohibits individually or jointly filing taxpayers with an adjusted gross income of $250,000 or greater from claiming the renewable energy technologies income tax credit for certain solar energy systems installed and placed in service on a single-family residential property, with certain exemptions. Increases the adjusted gross income requirements for an individual taxpayer to elect to have any excess credits refunded. Applies to taxable years beginning after 12/31/26. Effective 4/19/2042. (SD2)

SYNOPSIS:  Amends sec 235-12.5(b), HRS, for tax credit claims on solar energy systems installed and placed in service on a single-family residential property for taxable years beginning after December 31, 2026.  The tax credit shall be available if the taxpayer’s adjusted gross income is $250,000 or less, whether filing an individual or joint tax return.  Continue reading SB 3183 SD2  →

SB 3219 HD2 

Constitutional Amendment

SUBJECT: CONSTITUTIONAL AMENDMENT; Housing Infrastructure Growth Bonds; Debt Limit; Counties 

BILL NUMBER: SB 3219 HD2 

INTRODUCED BY: JHA 

EXECUTIVE SUMMARY: Proposes constitutional amendments to expressly provide that the Legislature may authorize political subdivisions, such as the counties, to issue housing infrastructure growth bonds for specified public works, public improvements, or other actions necessary for housing and community development, and exclude these bonds from determinations of the funded debt of the political subdivisions. Effective 7/1/3000. (HD2) 

SYNOPSIS:  Amends Article VII, Section 12 of the Constitution to add a new paragraph defining “housing infrastructure growth bonds” as all bonds, the principal of and interest on which are payable from and secured solely by all real property taxes levied by a political subdivision, such as a county, on the assessed valuation of the real property in a designated district established by the political subdivision that is in excess of the assessed valuation of the real property for the fiscal year prior to the effective date specified by resolution of the political subdivision of the specified public works, public improvements, or other actions necessary for new housing development by the political subdivision within the designated district.  Further amends that section to give the Legislature power to authorize political subdivisions to issue housing infrastructure growth bonds.  Continue reading SB 3219 HD2  →

SB 3333 SD1 

Real Property (County Ordinances)

SUBJECT: REAL PROPERTY, Specifies Effective Date for Exemptions When Property Transferred

BILL NUMBER: SB 3333 SD1

INTRODUCED BY: EIG/HOU

EXECUTIVE SUMMARY: 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.

SYNOPSIS:  Adds a new section to chapter 46, HRS, stating that each county shall 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 DATE:  April 19, 2042.  Continue reading SB 3333 SD1  →

HB 1591 HD1 

Net Income (HRS 235)

SUBJECT: INCOME. Healthcare Preceptor Tax Credit; Physician Assistants; Dietitians; Social Workers; Residency Programs; Preceptor Credit Assurance Committee; Director of Health

BILL NUMBER: HB 1591 HD1

INTRODUCED BY: HLT

EXECUTIVE SUMMARY: Expands the definitions of “preceptor” and “volunteer‑based supervised clinical training rotation” applicable to the Healthcare Preceptor Tax Credit to improve accessibility for providers to receive income tax credits for acting as preceptors, including removing “primary care” from the criteria to qualify as a preceptor. Adds physician assistants, dietitians, and social workers to the list of preceptors and eligible students. Expands eligibility for the tax credit to include accredited residency programs that require preceptor support. Adds the Director of Health and representatives of residency programs with eligible students to the Preceptor Credit Assurance Committee. Effective 7/1/3000. (HD1)

SYNOPSIS:  Amends section 235-110.25, HRS, to define “eligible student” as an advanced practice registered nurse student, medical student, pharmacy student, physician assistant student, dietitian, or social work student or resident who is enrolled in an eligible academic program, residency program, or fellowship.  Continue reading HB 1591 HD1  →

HB 1590 HD3 

General Excise (HRS 237), Transient Accommodations Tax (HRS 237D)

SUBJECT:  GENERAL EXCISE, TRANSIENT ACCOMMODATIONS, Short-term Vacation Rentals Enforcement; Hosting Platform as Tax Collection Agent

BILL NUMBER: HB 1590 HD3

INTRODUCED BY: FIN

EXECUTIVE SUMMARY: Part I: Allows counties to use time-stamped screenshots as evidence for the enforcement of short-term vacation rentals. Requires the Hawaiʻi Tourism Authority’s plans, practices, and efforts involving destination management to include promotion of use of traditional or lawful transient accommodations. Clarifies that the counties may use revenue from the County Transient Accommodations Tax for the enforcement of short-term vacation rentals. Appropriates funds. Part II: Requires hosting platforms that earn service fees for providing booking services for short-term vacation rentals to register with the Department of Taxation as tax collection agents and report, collect, and remit general excise and transient accommodations taxes on behalf of operators. Part II effective 1/1/2027. Effective 7/1/3000. (HD3) 

SYNOPSIS:  Adds a new chapter to the HRS stating that a county may consider time-stamped screenshots of vacation rentals operating illegally on a hosting platform as evidence of the offering or advertising of illegal short-term vacation rentals.  Continue reading HB 1590 HD3  →

HB 1535 HD 2 

Net Income (HRS 235)

SUBJECT:  INCOME, Tax Credit for Automated External Defibrillator Devices in Places of Public Accommodation 

BILL NUMBER: HB 1535 HD 2 

INTRODUCED BY: FIN 

EXECUTIVE SUMMARY: Establishes an income tax credit for the purchase and installation of automated external defibrillator devices by certain places of public accommodation. 

SYNOPSIS:  Adds a new section to chapter 235, HRS, to establish an automated external defibrillator subsidization tax credit.  The amount of the credit is $500 per device purchased and installed in a place of public accommodation with 25 or more employees operated by the taxpayer, up to a maximum of $_____ per qualified taxpayer.  Continue reading HB 1535 HD 2  →

HB 916 HD 1 

Net Income (HRS 235), Transient Accommodations Tax (HRS 237D)

SUBJECT:  NET INCOME, TRANSIENT ACCOMMODATIONS, Allow Low-Income Housing Tax Credit to Offset TAT 

BILL NUMBER:  HB 916 HD 1 

INTRODUCED BY:  HSG 

EXECUTIVE SUMMARY: Allows tax credits claimed under the state low-income housing tax credit program to be used to offset taxes imposed by the state transient accommodations tax law. Specifies that tax credit amounts applied to state transient accommodations taxes be limited to state transient accommodations taxes imposed in the same county in which the qualified low-income building is located. 

SYNOPSIS:  Amends section 235-110.8, HRS, to allow the low-income housing tax credit to be used to offset liability under the Transient Accommodations Tax Law, chapter 237D, HRS, in the county where the qualified low-income building is located.  Continue reading HB 916 HD 1  →