HI HB293

Proposes a constitutional amendment to repeal the exclusive authority of counties over real property taxation, allowing the State to also exercise real property tax functions, powers, and duties.

Changes Article VIII, Section 3 of the Hawaii Constitution by replacing "shall" with "may" and removing the word "exclusively" to permit concurrent state and county real property taxation authority.

Legislature intends to ultimately eliminate personal and business income taxes and offset revenue loss with real property taxes, while doubling homeowner and senior exemptions to reduce tax burden on local residents.

Ballot question would ask voters: "Shall the Hawaii State Constitution be amended to repeal the counties' exclusive authority to exercise functions, powers, and duties relating to the taxation of real property, thereby authorizing both the State and counties to exercise functions, powers, and duties relating to the taxation of real property?"

Amendment takes effect upon compliance with Article XVII, Section 3 of the Hawaii Constitution upon voter ratification.