Category Archives: Conveyance (HRS 247)

SB 838, SD-1

SUBJECT:  CONVEYANCE, Increase Earmark to Land Conservation Fund

BILL NUMBER:  SB 838, SD-1

INTRODUCED BY:  Senate Committee on Water and Land

EXECUTIVE SUMMARY:  Increases the cap on the conveyance tax revenues to be redirected to the land conservation fund to $8.8 million.  The cap was imposed to make general fund forecasting more reliable and increase transparency and accountability.

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SB 1362

SUBJECT:  CONVEYANCE, Tax Hike, Exemption for Affordable Housing

BILL NUMBER:  SB 1362

INTRODUCED BY:  DELA CRUZ

EXECUTIVE SUMMARY:  Raises the conveyance tax rates for residential investment properties with a value of at least $2,000,000. Exempts affordable housing qualified by the Hawaii Housing Finance and Development Corporation from the conveyance tax.

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SB 838; HB 1297 (Identical)

SUBJECT:  CONVEYANCE, Increase Earmark to Land Conservation Fund

BILL NUMBER:  SB 838; HB 1297 (Identical)

INTRODUCED BY:  SB by KEITH-AGARAN, BAKER, ENGLISH, RUDERMAN; HB by SAIKI

EXECUTIVE SUMMARY:  Increases the cap on the conveyance tax revenues to be redirected to the land conservation fund to $8.8 million.  The cap was imposed to make general fund forecasting more reliable and increase transparency and accountability.

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SB 1120

SUBJECT:  CONVEYANCE, Tax Hike, Remove Cap on Earmark to Rental Housing Revolving Fund

BILL NUMBER:  SB 1120

INTRODUCED BY:  HARIMOTO, MORIWAKI, RUDERMAN, S. Chang

EXECUTIVE SUMMARY:  Proposes to reverse Act 84, SLH 2015, which imposed the $38 million cap on the conveyance tax revenues to be redirected to the rental housing revolving fund.  The cap was imposed to make general fund forecasting more reliable and increase transparency and accountability.

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SB 1262; HB 1036 (Identical)

SUBJECT:  CONVEYANCE, Remove Cap on Earmark to Land Conservation Fund

BILL NUMBER:  SB 1262; HB 1036 (Identical)

INTRODUCED BY:  SB by KOUCHI by request; HB by SAIKI by request (Governor)

EXECUTIVE SUMMARY:  Proposes to reverse Act 84, SLH 2015, which imposed the $6.8 million cap on the conveyance tax revenues to be redirected to the land conservation fund.  The cap was imposed to make general fund forecasting more reliable and increase transparency and accountability.

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HB 207, Proposed SD-1

SUBJECT:  CONVEYANCE, ESTATE, Tax Hikes

BILL NUMBER:  HB 207, Proposed SD-1

INTRODUCED BY:  Senate Committee on Ways and Means

EXECUTIVE SUMMARY:  Increases estate taxes for Hawaii net taxable estates valued at over $10,000,000.  Raises the conveyance tax rates for residential investment properties with a value of at least $2,000,000.

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HB 2703, HD-1, SD-1

SUBJECT:  CONVEYANCE, INCOME, Earmark Conveyance Tax to Feed Rental Assistance Revolving Fund, Make EITC Refundable, Increase Low-Income Household Renters Credit

BILL NUMBER:  HB 2703, HD-1, SD-1

INTRODUCED BY:  Senate Committee on Housing

EXECUTIVE SUMMARY: (1) Allocates a portion of the conveyance tax revenues to the rental assistance revolving fund to be used to subsidize rents for persons who meet certain income requirements; (2) Increases the income tax credit for low-income household renters to an unspecified amount; and (3) Makes the state earned income tax credit refundable and changes the amount of the credit to an unspecified percentage of the federal earned income tax credit.

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SB 2188, SD-3

SUBJECT:  CONVEYANCE, Hike Rates and Allocate to County Affordable Housing Fund

BILL NUMBER:  SB 2188, SD-3

INTRODUCED BY:  Senate Floor Amendment

EXECUTIVE SUMMARY:  Establishes an additional conveyance tax rate for the sale of condominiums or single-family residences valued at more than $2 million, whether or not owner-occupied.  Requires that the revenue collected in each county from the additional conveyance tax rate be allocated to the respective county’s affordable housing fund.  Sunsets 6/30/2023.

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SB 3089, SD-2

SUBJECT:  CONVEYANCE, Allows Indication of Short-Term Rental Permission on Conveyance

BILL NUMBER:  SB 3089, SD-2

INTRODUCED BY: Senate Committee on Ways & Means

EXECUTIVE SUMMARY:  Allows counties to enact ordinances that require the grantor of real property to include in the certificate or certificates of conveyance a county’s determination whether the granted real property may be used for short-term rentals under the county’s zoning or land use ordinances.

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