SUBJECT: REAL PROPERTY, TRANSIENT ACCOMMODATIONS, Education Surcharge on Residential Investment Properties and Visitor Accommodations
BILL NUMBER: SB 2922; HB 2608 (Similar)
INTRODUCED BY: SB by KIDANI, S. CHANG, ESPERO, GALUTERIA, HARIMOTO, K. RHOADS, K. KAHELE; HB by WOODSON, AQUINO, BROWER, CREAGAN, DECOITE, EVANS, GATES, ING, JOHANSON, KEOHOKALOLE, C. LEE, LOPRESTI, LOWEN, MORIKAWA, NISHIMOTO, SAN BUENAVENTURA, TODD, Nakamura, Nakashima, Yamashita
EXECUTIVE SUMMARY: Allows the legislature to impose a surcharge on real property tax for residential investment property, and on transient accommodations. We question why this type of increase is being sought given that the Department of Education already has a gargantuan share of the State budget but is still beset with such issues as frustrated teachers and students roasting in our classrooms. Limits should be written into the amendment or the voters should be apprised that they are voting only on granting power to the legislature to impose a state level real property tax surcharge, with no limitations on that power.
Continue reading SB2922; HB2608