SB 123 Hawaii Senate · 2025 Regular Session

RELATING TO TAXATION.

SB 123 removes a tax break for Hawaii residents who own second homes by eliminating the home mortgage interest deduction for those properties under state income tax law. This change directly affects homeowners who claim mortgage interest deductions on vacation homes or secondary residences but not primary homes. The bill also requires the state to submit annual reports to the Legislature detailing the impact of this tax change.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 10, 2025 Last action Feb 10, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB123 → SB123_SD1 · 4 edits

MODERATE

The bill text was reformatted from a standard legislative document layout to a structured data format with metadata fields. The substantive policy content regarding the elimination of the second home mortgage interest deduction and related reporting requirements remains unchanged.

Scope change

No substantive change to the bill's scope or applicability; only formatting and metadata structure were modified.

TECHNICAL

Removed traditional legislative header information and replaced it with structured metadata fields including bill number, sponsor information, and timestamps.

Changed the bill format from a standard document layout to a data-structured format with labeled sections.

Added metadata fields such as bill identifier (SB123 SD1), sponsor name (Ainoa Naniole), and various timestamp and numbering fields.

Removed the original document header information including page numbers, document identifiers, and introductory text.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Committee

Reported from HOU (Stand. Com. Rep. No. 146) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 28, 2025

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Aquino, Kanuha; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

upper

Jan 22, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 01-28-25 1:00PM; Conference Room 225 & Videoconference.

upper

Jan 17, 2025

Committee

Referred to HOU, WAM.

upper

Jan 15, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 10, 2025

Introduced

Pending Introduction.

upper

2 primary · 0 co-sponsors