HI HB2441

Reduces conveyance tax rates for properties valued under $2,000,000 by lowering rates from 10-30 cents per $100 to 5-15 cents per $100 across three valuation tiers.

Increases conveyance tax rates for investment properties (condominiums and single-family residences where purchaser is ineligible for county homeowner's exemption) to a flat 3% of property value.

Establishes higher conveyance tax rates for properties valued at $2,000,000 or greater, ranging from 50 cents to $1.00 per $100 based on valuation brackets.

Requires a portion of conveyance tax revenues (amount and percentage to be determined) to be deposited into the Housing Finance Revolving Fund to support Hawaii Housing Finance and Development Corporation financing programs.

Takes effect January 1, 2050, with tax rate changes applicable to taxable years beginning after December 31, 2018.