SB 492 Hawaii Senate · 2025 Regular Session

RELATING TO GENERAL EXCISE TAX.

Summary

Authorizes each county that has established a surcharge on state tax before 7/1/2015 to extend the surcharge until 12/31/2045, at the same rates, if the county does so before 1/1/2028. Provides that no county surcharge on state tax authorized for a county that has not established a surcharge on state tax before 7/1/2015, shall be levied before 1/1/2019, or after 12/31/2045. Repeals certain conditions on the use of surcharges for housing infrastructure costs. Effective 5/13/2040. (SD1)

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 17, 2025 Last action Feb 14, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB492 → SB492_SD1 · 6 edits

MODERATE

This bill extends the deadline for counties to extend their general excise tax surcharges from 2030 to 2045, updates the effective date of the act to May 13, 2040, and clarifies when counties can begin levying new surcharges. The changes allow counties more time to decide on surcharge extensions and align the expiration date with the original 2005 legislation's intent.

Scope change

The bill's scope remains focused on county surcharges on state general excise taxes, but the timeline for implementation and expiration has been significantly extended.

TIMELINE

Extended the expiration date for county surcharge extensions from December 31, 2030 to December 31, 2045

Changed the ordinance adoption deadline for extending surcharges from January 1, 2018 to January 1, 2028

Updated the effective date of the act from upon approval to May 13, 2040

Adjusted the repeal date for ordinances adopted before December 31, 2005 from December 31, 2022 to December 31, 2045

REQUIREMENT

Clarified that counties adopting surcharge ordinances after December 31, 2022 must use revenues only for housing infrastructure costs

DEFINITION

Added new categories for when surcharges can be levied based on ordinance adoption dates, including a new category for ordinances adopted on or after August 1, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 14, 2025

Committee

Reported from EIG (Stand. Com. Rep. No. 578) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 11, 2025

Upper · Passed

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

upper

Feb 7, 2025

Upper · Passed

The committee(s) on EIG has scheduled a public hearing on 02-11-25 3:20PM; Conference Room 016 & Videoconference.

upper

Jan 21, 2025

Committee

Referred to EIG, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

2 primary · 0 co-sponsors