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HI SR5
Resolution
Status
1/28/2026
Primary Sponsor
Brenton Awa
Click for details
AI Summary
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Urges the United States Congress to extend tax deductions currently available to business entities like real estate investment trusts (REITs) to individual owner-occupant homeowners
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Highlights that businesses can deduct property ownership expenses including interest, depreciation, property taxes, insurance, maintenance fees, and utilities, while homeowners can only deduct mortgage interest
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Notes that Hawaii's aspiring homeowners face cost as their primary barrier, compounded by structural tax disadvantages compared to large real estate investors
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Directs certified copies of the resolution to be sent to U.S. Congressional leadership and Hawaii's Congressional delegation
Legislative Description
Urging The United States Congress To Provide Owner-occupants With Comparably Equivalent Tax Deductions Afforded To Business Entities For Expenses Related To Property Ownership.
Tax Deductions
Last Action
Referred to EIG/JDC.
2/13/2026