SUBJECT: INCOME, Tax Credit, Disposition of Excess Revenues
BILL NUMBER: SB 494, SD-1
INTRODUCED BY: Senate Committee on Ways & Means
EXECUTIVE SUMMARY: Provides for a tax credit and appropriations to the rainy day fund and the trust fund for “other post-employment benefits’ (OPEB) for state workers. This bill implements Article VII, section 6, of the Hawaii Constitution.
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SUBJECT: GENERAL EXCISE, Expand and Extend Affordable Rental Housing Exemption
BILL NUMBER: SB 867, SD-1
INTRODUCED BY: Senate Committee on Housing
EXECUTIVE SUMMARY: Part II of the bill expands and extends to June 30, 2026, the affordable housing exemption from general excise tax and use tax costs for certain rental housing projects pursuant to section 201H-36(a)(5), Hawaii Revised Statutes. Requires affordable rental project owners to accept Section 8 Housing Choice Vouchers as a condition of certification.
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