Bill Text: HI HB1293 | 2016 | Regular Session | Amended
Bill Title: Real Property; Tax Exemption
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Engrossed - Dead) 2016-01-21 - Re-Referred to CPH, WAM. [HB1293 Detail]
Download: Hawaii-2016-HB1293-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1293 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO REAL PROPERTY TAXATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 246-26, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) Real property owned and occupied only as an individual's or their principal home as of the date of assessment by any individual or individuals, shall be exempt only to the following extent from property taxes:
(1) Totally exempt where the value of the property is not in excess of $12,000;
(2) Where the value of the property is in excess of $12,000, the exemption shall be the amount of $12,000.
Provided:
(A) That no such exemption shall be allowed to any corporation, copartnership, or company;
(B) That the exemption shall not be allowed on more than one home for any one taxpayer;
(C) That where the taxpayer has acquired the taxpayer's home by a deed made on or after July 1, 1951, the deed shall have been recorded on or before December 31 immediately preceding the year for which the exemption is claimed;
(D) That a husband and wife shall not be
permitted exemption of separate homes owned by each of them, unless they are
living separate and apart, in which case they shall be entitled to one
exemption, to be apportioned between each of their respective homes in
proportion to the value thereof; [and]
(E) That a person living on premises, a
portion of which is used for commercial purposes, shall not be entitled to an
exemption with respect to such portion, but shall be entitled to an exemption
with respect to the portion thereof used exclusively as a home[.];
and
(F) That a taxpayer who does not occupy the real property as a primary home due to a medical condition, as certified by a physician licensed under chapter 453, that renders the taxpayer incapable of occupying the real property shall be entitled to the exemption, unless the taxpayer leases or rents the real property to another."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2030, and apply to taxable years beginning after December 31, 2014.
Report Title:
Real Property; Tax Exemption
Description:
Clarifies that the real property tax exemption for property owned as a primary home covers persons who own, but cannot occupy in, the primary home due to a serious medical condition; provided that they do not rent or lease out that property. (HB1293 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
