Category Archives: Constitutional Amendment

SB 858; HB 541 (Identical)

SUBJECT:  CONSTITUTIONAL AMENDMENT, Authorize Issuance of Tax Increment Bonds

BILL NUMBER:  SB 858; HB 541 (Identical)

INTRODUCED BY:  SB by KEITH-AGARAN, BAKER, S. CHANG, DELA CRUZ, ENGLISH, J. KEOHOKALOLE, Gabbard, Wakai; HB by YAMASHITA, DECOITE, HASHIMOTO, MCKELVEY, WOODSON, Wildberger

EXECUTIVE SUMMARY:  Proposes amendments to the Constitution of the State of Hawaii to expressly provide that the legislature may authorize the counties to issue tax increment bonds and to exclude tax increment bonds in determining the funded deb

Continue reading SB 858; HB 541 (Identical)

SB2922; HB2608

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

SB 686; HB 180 (Identical) [Implementing Legislation]; SB 683, HB 182 (Identical) [Constitutional Amendment]

SUBJECT:  REAL PROPERTY, TRANSIENT ACCOMMODATIONS, Education Surcharge on Residential Investment Properties and Visitor Accommodations

BILL NUMBER:  SB 686; HB 180 (Identical) [Implementing Legislation]; SB 683, HB 182 (Identical) [Constitutional Amendment]

INTRODUCED BY:  SB by KIDANI, K. RHOADS, SHIMABUKURO, Dela Cruz, Espero, Gabbard, Inouye, K. Kahele; HB by SAIKI

EXECUTIVE SUMMARY:  Proposes a substantial surcharge on real property tax for residences where the home exemption is not claimed, and on transient accommodations.  Proposes a constitutional amendment, because the surcharge would not be constitutional now.  With a tax increase of this magnitude, economic ripple effects are likely to be enormous.  We also question why such a massive 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.

Continue reading SB 686; HB 180 (Identical) [Implementing Legislation]; SB 683, HB 182 (Identical) [Constitutional Amendment]

SB 2459; HB 2167 (Identical)

SUBJECT: CONSTITUTIONAL AMENDMENT, Authorize issuance of tax increment bonds

INTRODUCED BY: SB by Keith-Agaran and 5 Democrats; HB by Brower, Belatti, Hanohano, C. Lee, Mizuno, Nakashima, Rhoads, Saiki, Wooley and 4 Democrats

BRIEF SUMMARY: Amends Article VII, Section 12, of the state constitution to allow the legislature to authorize the counties to issue tax increment bonds. Defines “tax increment 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, for a period not to exceed ____ years, on the assessed valuation of the real property in a tax increment district established by the political subdivision that is in excess of the assessed valuation of the real property for the year prior to the undertaking of specified public works, public improvements or other actions by the political subdivision within the tax increment district.

Amends Article VII, Section 13, of the state constitution to provide that tax increment bonds issued by the counties shall not be included in the determinations of the funded debt of the counties. Continue reading SB 2459; HB 2167 (Identical)