HI SB2084

Clarifies that "resident person" under Hawaii's Real Property Tax Act (section 235-68) does not include foreign partnerships, foreign limited liability partnerships, foreign limited partnerships, or foreign limited liability companies.

Removes the exemption from withholding requirements that previously allowed these foreign entities to avoid real property transfer tax withholding when qualified to do business in Hawaii.

Ensures tax revenues are properly withheld on real property transfers involving nonresident foreign entities, preventing tax avoidance when revenue leaves the state.

Applies to real estate dispositions occurring on or after January 1, 2021, with the act taking effect July 1, 2050.