Hawaii Senate bill in Session 2026.
Status: in_committee. Latest action: March 6, 2025.
Excise Tax; Failure to Sell Excess Single-Family Residences; Housing Downpayment Trust Fund; Reports.
Establishes an excise tax on certain taxpayers who own excess single-family residences for failure to sell those residences. Establishes and allocates excise tax revenues to the Housing Downpayment Trust Fund. Requires annual reports to the Legislature. Applies to taxable years beginning after 12/31/2026. Effective 7/1/2050. (SD2)
| Date | Event | Detail |
|---|---|---|
| 0000-00-00 | Introduced | Bill introduced |
| 2025-03-06 | Status | in_committee |
| 2025-03-06 | Latest Action | Referred to HSG, FIN, referral sheet 19 |