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HI HB1208
Bill
Status
1/27/2021
Primary Sponsor
Mark Hashem
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AI Summary
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Proposes constitutional amendment to repeal counties' exclusive authority over real property taxation, allowing both the State and counties to exercise real property tax functions and powers.
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Changes Hawaii Constitution Article VIII, Section 3 language from "shall" (exclusively exercised by counties) to "may" (exercised by counties), removing the word "exclusively."
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Legislature finds Hawaii has one of the highest income tax rates and lowest real property tax rates nationally, with intent to eventually eliminate personal and business income taxes and replace them with real property taxes.
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Directs doubling of homeowner and senior exemptions on real property taxes to reduce tax burden on local residents.
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Amendment takes effect July 1, 2050, contingent upon voter ratification and compliance with Hawaii Constitution Article XVII, Section 3.
Legislative Description
Proposing An Amendment To Article Viii, Section 3 Of The Hawaii Constitution Relating To The Functions, Powers, And Duties Of Real Property Taxation.
Constitutional Amendment (ConAm)
Last Action
Report adopted. referred to the committee(s) on FIN as amended in HD 2 with Representative(s) Matsumoto, Wildberger voting aye with reservations; Representative(s) Har, McDermott, Okimoto, Perruso, Ward voting no (5) and Representative(s) Tokioka excused (1).
2/16/2022