SUBJECT: REAL PROPERTY, Specifies Effective Date for Exemptions When Property Transferred

BILL NUMBER: SB 3333 SD1

INTRODUCED BY: EIG/HOU

EXECUTIVE SUMMARY: Requires each county to apply any applicable real property tax exemptions, reduced assessments, or tax classifications for any affordable housing subject to income, resale, or occupancy restrictions as of the date a qualifying owner takes title to the affordable housing for the upcoming tax period, consistent with county procedures.

SYNOPSIS:  Adds a new section to chapter 46, HRS, stating that each county shall apply any applicable real property tax exemptions, reduced assessments, or tax classifications for any affordable housing subject to income, resale, or occupancy restrictions as of the date a qualifying owner takes title to the affordable housing for the upcoming tax period, consistent with county procedures. 

EFFECTIVE DATE:  April 19, 2042.  Continue reading SB 3333 SD1  →

SUBJECT: REAL PROPERTY, Specifies Effective Date for Exemptions When Property Transferred

BILL NUMBER: SB 3333

INTRODUCED BY: KIM, CHANG, HASHIMOTO, Richards, San Buenaventura

EXECUTIVE SUMMARY: Requires each county to apply any applicable real property tax exemptions, reduced assessments, or tax classifications for any affordable housing subject to income, resale, or occupancy restrictions as of the date a qualifying owner takes title to the affordable housing for the upcoming tax period, consistent with county procedures.

Continue reading SB 3333 →

SUBJECT: REAL PROPERTY, Allow Opt-In Payment In Lieu for Renewable Energy Projects

BILL NUMBER:  HB 348 HD 1

INTRODUCED BY: House Committee on Energy & Environmental Protection

EXECUTIVE SUMMARY: Allows the counties to establish, by ordinance, an opt-in program that allows an annual payment in lieu of real property taxes on the land or improvements thereon that are actively used to produce or store renewable energy that is sold to an electric utility. Continue reading HB 348 HD 1 →

SUBJECT:  REAL PROPERTY, Property Assessed Financing

BILL NUMBER:  HB 2088 SD 1

INTRODUCED BY: Senate Committees on Energy, Economic Development, & Tourism and Agriculture & Environment

EXECUTIVE SUMMARY:   Creates a commercial property assessed financing program under the administration of the Hawaii Green Infrastructure Authority (HGIA). Allows commercial property owners to finance qualifying improvements through a non-ad valorem special property tax assessment. Continue reading HB 2088 SD 1 →

SUBJECT:  REAL PROPERTY, Property Assessed Financing

BILL NUMBER:  HB 2088 HD 3

INTRODUCED BY: House Committee on Finance

EXECUTIVE SUMMARY:   Creates the environmental and economic development revolving loan fund under the administration of the Hawaii Green Infrastructure Authority. Allows property owners to finance qualified improvements through a non-ad valorem property assessment. This is a variant of a residential property assessed clean energy, or PACE, program that has been recognized and described by the U.S. Department of Energy.  There are significant advantages and detriments to this program. Continue reading HB 2088 HD 3 →

SUBJECT:  REAL PROPERTY, Property Assessed Financing

BILL NUMBER:  HB 2088 HD 2

INTRODUCED BY: House Committee on Consumer Protection & Commerce

EXECUTIVE SUMMARY:   Creates the environmental and economic development revolving loan fund under the administration of the Hawaii Green Infrastructure Authority. Allows property owners to finance qualified improvements through a non-ad valorem property assessment. This is a variant of a residential property assessed clean energy, or PACE, program that has been recognized and described by the U.S. Department of Energy.  There are significant advantages and detriments to this program. Continue reading HB 2088 HD 2 →

SUBJECT:  REAL PROPERTY, Prohibits Taxation of Renewable Energy Farms

BILL NUMBER:  HB 1637 HD 1

INTRODUCED BY: House Committee on Energy & Environmental Protection

EXECUTIVE SUMMARY:   Authorizes a county to impose an annual in-lieu fee on land or improvements on land that are actively used to produce or store renewable energy that is sold to an electric utility, under certain conditions. Continue reading HB 1637 HD 1 →