HI HB2072

Increases Hawaii's conveyance tax rates on real property sales, with the highest tier reaching $6.00 per $100 for properties valued at $26 million or more (up from $1.00 per $100 for properties over $10 million under current law).

Establishes a separate tiered tax rate structure for multifamily residential properties, ranging from 10 cents per $100 for properties under $600,000 to $2.00 per $100 for properties valued at $100 million or more.

Creates a new homeless services special fund to receive 10% of conveyance tax revenues for homeless services and supportive housing programs.

Exempts from the conveyance tax property transfers to nonprofit organizations with affordability requirements, certain nonprofits, and owner-occupants or renter-occupants of the property.

Allows counties to apply for matching funds from the homeless services special fund and affordable homeownership revolving fund for housing projects with perpetual affordability requirements.