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HI SB3333

Bill

Official Source

Status

Engrossed

3/6/2026

Primary Sponsor

Donna Kim

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Requires all Hawaii counties to apply real property tax exemptions, reduced assessments, or favorable tax classifications for affordable housing as of the date a qualifying owner takes title to the property
  • Applies specifically to affordable housing units subject to income, resale, or occupancy restrictions
  • Mandates that tax benefits take effect for the upcoming tax period following the transfer date, consistent with existing county procedures
  • Amends Chapter 46 of the Hawaii Revised Statutes by adding a new section on affordable housing tax relief
  • Effective date of April 19, 2042

Legislative Description

Relating To Taxation.

Counties

Last Action

Referred to HSG, FIN, referral sheet 16

3/10/2026

Committee Referrals

Housing3/10/2026
Ways and Means2/19/2026
Energy and Intergovernmental Affairs2/2/2026

Full Bill Text

No bill text available