HI HB1592

Increases the maximum amount of conveyance tax revenues allocated to the land conservation fund by amending Section 247-7, Hawaii Revised Statutes, though the specific dollar amount is left blank in the bill text.

Replaces the current cap of $5,100,000 in conveyance tax revenues to the land conservation fund with a higher unspecified amount.

Maintains the existing allocation mechanism where ten percent of collected conveyance taxes or the specified maximum amount, whichever is less, goes to the land conservation fund for watershed protection, coastal preservation, flood prevention, parks, habitat protection, and cultural preservation.

Legislature finds that enhanced funding for land conservation strengthens Hawaii's resilience, promotes health and wellness, and supports economic opportunity while protecting natural resources for future generations.

Takes effect on July 1, 3000 (note: this appears to be a drafting error, as the intended effective date is likely July 1, 2024).