SUBJECT: CONVEYANCE, Increase Earmark to Land Conservation Fund
BILL NUMBER: HB 908 SD 1
INTRODUCED BY: Senate Committee on Water & Land
EXECUTIVE SUMMARY: Amends the ceiling amount of conveyance tax to be deposited into the land conservation fund from $5.1 million to $9.8 million. Continue reading HB 908 SD 1
SUBJECT: CONVEYANCE, Tax Hike, Affordable Housing Exemption, Owner-Occupant/Renter-Occupant Exemption, Modify Earmark
BILL NUMBER: SB 362 SD 2
INTRODUCED BY: Senate Committee on Ways and Means
EXECUTIVE SUMMARY: Increases the rate of conveyance tax for condominiums and single family residences for which the purchaser is ineligible for a county homeowner’s exemption with a value of at least $2,000,000. Exempts from the conveyance tax documents and instruments conveying real property subject to a government assistance program qualified by the Hawaiʻi housing finance and development corporation. Exempts from the conveyance tax documents and instruments conveying real property to owner-occupants or renter-occupants who own no other real property. Removes the maximum dollar amount of conveyance tax revenues that are to be paid into the rental housing revolving fund each fiscal year. Continue reading SB 362 SD 2
SUBJECT: CONVEYANCE, Increase Earmark to Land Conservation Fund
BILL NUMBER: HB 908 HD 1
INTRODUCED BY: House Committee on Water & Land
EXECUTIVE SUMMARY: Amends the ceiling amount of conveyance tax to be deposited into the land conservation fund from $5.1 million to $9.8 million. Continue reading HB 908 HD 1
SUBJECT: CONVEYANCE, Tax Hike, Affordable Housing Exemption, Modify Earmark
BILL NUMBER: SB 362 SD 1
INTRODUCED BY: Senate Committee on Housing
EXECUTIVE SUMMARY: Increases the rate of conveyance tax for condominiums and single family residences ineligible for a county homeowner’s exemption with a value of at least $2,000,000. Exempts from the conveyance tax documents and instruments conveying real property subject to a government assistance program approved and certified by Hawaii Housing Finance and Development Corporation and used for the provision of affordable housing for qualified persons in the State. Removes maximum dollar amount of conveyance tax revenues that are to be paid into the rental housing revolving fund each fiscal year. Continue reading SB 362 SD 1
SUBJECT: CONVEYANCE, Conveyance Tax Vacancy Surcharge; Prolonged Vacant Property
BILL NUMBER: HB 148, SB 1606
INTRODUCED BY: HB by PERRUSO, COCHRAN, GANADEN, HUSSEY-BURDICK, KAPELA, KILA, MARTEN, MATAYOSHI, TODD, WARD, Chun, Tam; SB by SHIMABUKURO, AQUINO, CHANG, Awa, Kidani, Moriwaki, Wakai
EXECUTIVE SUMMARY: Establishes a surcharge on the conveyance tax upon the transfer or conveyance of prolonged vacant property. Continue reading HB 148, SB 1606
SUBJECT: CONVEYANCE, Tax Hike for Properties Sold by Foreign Entities or Non-resident Foreign Nationals
BILL NUMBER: HB 1351
INTRODUCED BY: MATAYOSHI, AMATO, BELATTI, COCHRAN, HOLT, HUSSEY-BURDICK, KAHALOA, KAPELA, KILA, KITAGAWA, KOBAYASHI, LOWEN, MARTEN, NAKASHIMA, NISHIMOTO, PERRUSO, POEPOE, TAM, Ganaden
EXECUTIVE SUMMARY: Amends the conveyance tax by adding a fee schedule for properties that are sold by foreign entities or non-resident foreign nationals. Continue reading HB 1351
SUBJECT: CONVEYANCE, Tax Hike, Exemption for Property with Price Cap, Change Earmarks
BILL NUMBER: SB 678
INTRODUCED BY: SAN BUENAVENTURA, CHANG, MCKELVEY
EXECUTIVE SUMMARY: Increases the conveyance tax rates. Exempt the conveyance tax on property with a restriction on increasing the rental price or resale price above any increase in the consumer price index for at least thirty years. Removes the maximum disposition caps of the conveyance tax allocated to the Rental Housing Revolving Fund and Legacy Land Use Conservation Fund. Allocates ten per cent of the conveyance tax for homeless services and supportive housing. Creates the Homeless Services Fund. Continue reading SB 678
SUBJECT: CONVEYANCE, Increase Earmark to Land Conservation Fund
BILL NUMBER: HB 908
INTRODUCED BY: POEPOE, AMATO, GANADEN, HUSSEY-BURDICK, ICHIYAMA, KAPELA, KILA, LOWEN, MARTEN, MARTINEZ, PERRUSO, TODD
EXECUTIVE SUMMARY: Amends the ceiling amount of conveyance tax to be deposited into the land conservation fund from $5.1 million to $9.8 million. Continue reading HB 908
SUBJECT: CONVEYANCE, Tax Hike, Affordable Housing Exemption, Modify Earmark
BILL NUMBER: SB 362, HB 286
INTRODUCED BY: SB by CHANG; HB by KILA, CHUN, HASHIMOTO, HOLT, POEPOE, TODD
EXECUTIVE SUMMARY: Increases the rate of conveyance tax for condominiums and single family residences ineligible for a county homeowner’s exemption with a value of at least $2,000,000. Exempts from the conveyance tax documents and instruments conveying real property subject to a government assistance program approved and certified by Hawaii Housing Finance and Development Corporation and used for the provision of affordable housing for qualified persons in the State. Removes maximum dollar amount of conveyance tax revenues that are to be paid into the rental housing revolving fund each fiscal year.
SUBJECT: CONVEYANCE, Increase Earmark to Land Conservation Fund for Land Acquisition
BILL NUMBER: HB 2041, SB 2351
INTRODUCED BY: HB by SAIKI by request; SB by KEITH-AGARAN, KANUHA, LEE, Shimabukuro
EXECUTIVE SUMMARY: Increases the percentage of the land conservation fund that may be used for costs related to the operation, maintenance, and management of lands acquired by the fund. Increases the maximum dollar amount of the conveyance tax distribution to the land conservation fund. Appropriates funds from the land conservation fund for the resource land acquisition.