HI HB489 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 21 2025 - 25% progression
Action: 2025-01-21 - Referred to HSG, ECD, FIN, referral sheet 2
Pending: House Housing Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2025 - 25% progression
Action: 2025-01-21 - Referred to HSG, ECD, FIN, referral sheet 2
Pending: House Housing Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Establishes a Vacant Homes Special Fund under the Hawaii Housing Finance and Development Corporation for rental assistance programs. Establishes a general excise tax surcharge on an owner that allows a residential real property to remain vacant for 180 days or more a year. Requires persons who own residential real property, but do not live there, to obtain a general excise tax license. Requires the counties to disclose to the Department of Taxation a list of properties classified as not being occupied by an owner of that property. Requires the Department of Business, Economic Development, and Tourism to calculate average annual rental value for the basis for the surcharge amount.
Title
Relating To Vacant Homes.
Sponsors
| Rep. Kim Iwamoto [D] | Rep. Amy Perruso [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-21 | House | Referred to HSG, ECD, FIN, referral sheet 2 |
| 2025-01-21 | House | Introduced and Pass First Reading. |
| 2025-01-17 | House | Pending introduction. |
Same As/Similar To
SB1214 (Same As) 2025-01-27 - Referred to HOU/EIG/EDT, WAM/JDC.
Subjects
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=489&year=2025 |
| Text | https://www.capitol.hawaii.gov/sessions/session2025/bills/HB489_.HTM |
