HI SB3101

Exempts homestead developments for the Department of Hawaiian Home Lands from general excise tax and use tax on gross proceeds or income from planning, design, financing, or construction activities.

Applies to newly constructed or moderately/substantially rehabilitated homestead developments developed for the department, under approved government assistance programs, by nonprofit organizations, or as affordable rental housing with at least 50% of units for households at or below 80% of area median family income.

Requires the Department of Hawaiian Home Lands to approve exemption eligibility and certify all claims before forwarding to the Department of Taxation; exemption approvals are not considered subsidies.

Authorizes the Department of Hawaiian Home Lands to establish and collect reasonable service fees for approvals and certifications, with fees deposited into the Hawaiian Home Administration Account.

Effective date: July 1, 2050.