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
SUBJECT: REAL PROPERTY, Property Assessed Financing
BILL NUMBER: HB 2088 HD 1
INTRODUCED BY: House Committee on Energy & Environmental Protection
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.
SUBJECT: REAL PROPERTY, INCOME, Refund income tax if state real property tax is enacted
BILL NUMBER: HB 1209 HD 1
INTRODUCED BY: House Committee on Economic Development
EXECUTIVE SUMMARY: By 1/1/2026, requires the department of taxation to suspend and refund certain income tax amounts received or withheld upon the enactment of a state law specifying real property tax amounts. Takes effect upon the ratification of a constitution amendment authorizing the State to have additional real property taxing authority.
SUBJECT: REAL PROPERTY, Property Assessed Financing
BILL NUMBER: HB 2088, SB 3056
INTRODUCED BY: HB by SAIKI by request, SB by KOUCHI by request (Governor’s Package)
EXECUTIVE SUMMARY: 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.
SUBJECT: REAL PROPERTY, Prohibits Taxation of Renewable Energy Farms
BILL NUMBER: HB 1637; SB 2722
INTRODUCED BY: HB by LOWEN, MARTIN; SB by LEE, KEITH-AGARAN, MISALUCHA, Wakai
EXECUTIVE SUMMARY: Prohibits the counties from imposing a real property tax on land or land improvements used for the production or storage of renewable energy that is sold to an electric utility. Permits a county to impose an annual fee of up to $1,000 per megawatt of nameplate AC capacity generated by a renewable energy project that is actively producing and selling energy to an electric utility and sited on real property within that county. Our view is that the prohibition of real property taxation is not valid under the Hawaii Constitution.
SUBJECT: TRANSIENT ACCOMMODATIONS, REAL PROPERTY, INCOME, County Surcharge on TAT
BILL NUMBER: HB 1314, HD1
INTRODUCED BY: House Committee on Economic Development
EXECUTIVE SUMMARY: Authorizes each county to levy a county surcharge on transient accommodations tax if the county satisfies certain real property tax requirements. Repeals the allocation of transient accommodations tax revenue to the counties and makes conforming amendments. Establishes a residential property owner tax credit and a residential circuit breaker tax credit. Beginning with taxable years after 12/31/2021, gradually implements new individual income tax and corporation income tax brackets and rates in three-year intervals. Effective 7/1/2050.