Category Archives: Real Property (County Ordinances)

HB 2088 SD 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

HB 2088 HD 3

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

HB 2088 HD 2

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

HB 1637 HD 1

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

HB 2088 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.

Continue reading HB 2088 HD 1

HB 1209 HD 1

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.

Continue reading HB 1209 HD 1

HB 2088, SB 3056

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.

Continue reading HB 2088, SB 3056

HB 1637; SB 2722

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.

Continue reading HB 1637; SB 2722

HB 1314, HD1

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.

Continue reading HB 1314, HD1

HB 1314

SUBJECT:  TRANSIENT ACCOMMODATIONS, REAL PROPERTY, INCOME, County Surcharge on TAT

BILL NUMBER:  HB 1314

INTRODUCED BY:  YAMASHITA

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 3-year intervals.

Continue reading HB 1314