HI HB1086

Exempts development of homestead lots and housing for the Department of Hawaiian Home Lands (DHHL) from Hawaii's general excise tax and use tax

Covers planning, design, financing, and construction activities for new construction, moderate rehabilitation, and substantial rehabilitation projects on Hawaiian home lands

Applies to projects developed under DHHL-approved government assistance programs, nonprofit organizations providing homes for Hawaiian Homes Commission Act beneficiaries, and affordable rental housing where at least 50% of units serve households at or below 80% of area median income

Requires exemption claims to be certified by DHHL and forwarded to the Department of Taxation

Effective date of July 1, 3000 (placeholder date indicating legislative intent to determine actual implementation timing)