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  →

SUBJECT: Constitutional Amendment; Public Education; Residential Investment Property Surcharge (ConAm)

BILL NUMBER: HB 2147, SB 2464

INTRODUCED BY: HB by PERRUSO, AMATO, BELATTI, GRANDINETTI, IWAMOTO, KAPELA, KUSCH, LOWEN, POEPOE, SOUZA; SB by RHOADS, SAN BUENAVENTURA

EXECUTIVE SUMMARY: Proposes amendments to the Hawaiʻi State Constitution to repeal the counties’ exclusive power to tax real property, and to authorize the Legislature to establish a state surcharge on real property taxes levied by the counties on certain residential investment properties, for the purpose of helping to fund public education for all of Hawaiʻi’s children and adults.

Continue reading HB 2147, SB 2464 →

SUBJECT: Constitutional Amendment; Public Education; Residential Investment Property Surcharge (ConAm)

BILL NUMBER: HB 2147, SB 2464

INTRODUCED BY: HB by PERRUSO, AMATO, BELATTI, GRANDINETTI, IWAMOTO, KAPELA, KUSCH, LOWEN, POEPOE, SOUZA; SB by RHOADS, SAN BUENAVENTURA

EXECUTIVE SUMMARY: Proposes amendments to the Hawaiʻi State Constitution to repeal the counties’ exclusive power to tax real property, and to authorize the Legislature to establish a state surcharge on real property taxes levied by the counties on certain residential investment properties, for the purpose of helping to fund public education for all of Hawaiʻi’s children and adults.

Continue reading HB 2147, SB 2464 →

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

BILL NUMBER: HB 2476, SB 3219

INTRODUCED BY: HB by EVSLIN, AMATO, BELATTI, ILAGAN, KAHALOA, KAPELA, KEOHOKAPU-LEE LOY, KILA, KITAGAWA, KUSCH, LOWEN, MARTEN, MATAYOSHI, MIYAKE, MORIKAWA, SOUZA, TAM; SB by HASHIMOTO, CHANG, KEOHOKALOLE, McKelvey

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, and exclude these bonds from determinations of the funded debt of the political subdivisions for specified public works, public improvements, or other actions necessary for new housing development.

Continue reading HB 2476, SB 3219 →

SUBJECT: CONSTITUTIONAL AMENDMENT; Tax Increment Bonds; Debt Limit; Counties

BILL NUMBER: SB 3008 SD 2

INTRODUCED BY: Senate Committee on Ways and Means

EXECUTIVE SUMMARY: Proposes amendments to the Constitution of the State of Hawaiʻi to expressly provide that the Legislature may authorize political subdivisions, such as counties, to issue tax increment bonds, and to exclude tax increment bonds in calculating the debt limit of the political subdivisions. Continue reading SB 3008 SD 2 →

SUBJECT: CONSTITUTIONAL AMENDMENT; Tax Increment Bonds; Debt Limit; Counties

BILL NUMBER: SB 3008 SD 1

INTRODUCED BY: Senate Committee on Judiciary

EXECUTIVE SUMMARY: Proposes amendments to the Constitution of the State of Hawaiʻi to expressly provide that the Legislature may authorize political subdivisions, such as counties, to issue tax increment bonds, and to exclude tax increment bonds in calculating the debt limit of the political subdivisions. Continue reading SB 3008 SD 1 →

SUBJECT: CONSTITUTIONAL AMENDMENT, Residential Investment Property Surcharge for Public Education

BILL NUMBER: HB 1537 HD 1

INTRODUCED BY: House Committee on Education

EXECUTIVE SUMMARY: Constitutional amendment to allow the legislature to impose a surcharge on residential investment property valued at $3,000,000 or greater for funding public education. Continue reading HB 1537 HD 1 →

SUBJECT: CONSTITUTIONAL AMENDMENT; Tax Increment Bonds; Debt Limit; Counties

BILL NUMBER: SB 3008

INTRODUCED BY: DELA CRUZ, AQUINO, HASHIMOTO, KIDANI

EXECUTIVE SUMMARY: Proposes amendments to the Constitution of the State of Hawaiʻi to expressly provide that the Legislature may authorize political subdivisions, such as counties, to issue tax increment bonds, and to exclude tax increment bonds in calculating the debt limit of the political subdivisions. Continue reading SB 3008 →

SUBJECT: CONSTITUTIONAL AMENDMENT, Residential Investment Property Surcharge for Public Education

BILL NUMBER: HB 1537, SB 2056

INTRODUCED BY: HB by PERRUSO, AMATO, GANADEN, HUSSEY-BURDICK, KAPELA, LOWEN, MARTEN, TAM, TARNAS; SB by KANUHA, CHANG, KEOHOKALOLE, SAN BUENAVENTURA, SHIMABUKURO

EXECUTIVE SUMMARY: Constitutional amendment to allow the legislature to impose a surcharge on residential investment property valued at $3,000,000 or greater for funding public education. Continue reading HB 1537 →

SUBJECT: CONSTITUTIONAL AMENDMENT, Allow Counties to Issue Tax Increment Bonds and Exclude from County Debt Limit

BILL NUMBER:  SB 1295 SD 2

INTRODUCED BY: Senate Committee on Ways and Means

EXECUTIVE SUMMARY:   Proposes amendments to the Constitution of the State of Hawaiʻi to expressly provide that the legislature may authorize political subdivisions, such as counties, to issue tax increment bonds and to exclude tax increment bonds in calculating the debt limit of the political subdivisions. Continue reading SB 1295 SD 2 →