HI SB1133 | 2025 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-02-03 - The committee(s) on HOU has scheduled a public hearing on 02-06-25 1:05PM; Conference Room 225 & Videoconference.
Pending: Senate Housing Committee
Hearing: Feb 6 @ 1:05 pm in Conference Room 225 & Videoconference
Text: Latest bill text (Introduced) [HTML]

Summary

Authorizes each county to establish by ordinances a rental unit price control that prohibits a landlord from increasing the rental price of a dwelling unit at a rate that exceeds the percentage calculated and published by the county based on changes in the applicable Consumer Price Index. Beginning 8/1/2025, requires each county to annually calculate and publish the maximum rate at which a landlord may increase the rental price of a dwelling unit during the immediately succeeding twelve-month period. Establishes a Long-Term Residential Lease Tax Credit for taxpayers who own and lease a dwelling unit located in a county that has adopted a rental unit price ceiling ordinance to a person as the person's principal residence in the State pursuant to a lease agreement of a term of one year or longer. Tax credit applies to taxable years beginning after 12/31/2024.

Tracking Information

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Title

Relating To Housing.

Sponsors


History

DateChamberAction
2025-02-03SenateThe committee(s) on HOU has scheduled a public hearing on 02-06-25 1:05PM; Conference Room 225 & Videoconference.
2025-01-31SenateRe-Referred to HOU, CPN/WAM.
2025-01-23SenateReferred to HOU/EIG, CPN/WAM.
2025-01-21SenatePassed First Reading.
2025-01-17SenateIntroduced.

Subjects


Hawaii State Sources


Bill Comments

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