HI SB2338

Requires the Legislative Reference Bureau to conduct a study on determining an appropriate increase to Hawaii's homestead exemption under the United States Bankruptcy Code, specifically examining the real property exemption for a person's principal residence under Hawaii Revised Statutes section 651-92.

Study must include a breakdown and comparison of real property and homestead exemptions in states similar in size to Hawaii or with similar tax structures.

Study must analyze how other states apply real property and homestead exemptions, compare their similarities and differences to Hawaii's exemption, assess fiscal implications to the State, counties, and private sectors, and evaluate the number and frequency of homestead exemption claims in Hawaii.

Legislative Reference Bureau may seek input from individuals and entities deemed necessary to complete the study.

Report with findings, recommendations, and any proposed legislation must be submitted to the legislature no later than twenty days prior to the convening of the regular session of 2023.