HI SB1362

Increases conveyance tax rates for residential investment properties (condominiums and single-family residences where purchaser is ineligible for county homeowner's exemption) valued at $2,000,000 or more, with rates rising from $0.60-$1.25 per $100 to $1.00-$4.00 per $100 depending on property value tier.

Establishes new conveyance tax exemption for owner-occupants conveying real property subject to Hawaii Housing Finance and Development Corporation-qualified affordable housing programs, provided the owner obtains current certification of owner-occupancy status.

Maintains existing conveyance tax structure for non-investment residential properties and other property types, with no changes to rates below $2,000,000 property values.

Takes effect on July 1, 2019.