HI HB1735

Directs the Department of Business, Economic Development, and Tourism to study the effects of Hawaii's low property tax rates and report findings no later than twenty days before the 2017 legislative session.

Study must examine how low property tax rates affect land values, the real estate market, workforce housing affordability, availability of affordable housing, federal taxes owed by Hawaii residents, and public education funding.

Requires comparison of Hawaii's property tax rates to other states and analysis of how many Hawaii residential property owners are non-residents and do not pay Hawaii income tax.

Appropriates funds from general revenues for fiscal year 2016-2017 to cover study costs (amount to be specified).

Takes effect July 1, 2016.