RELATING TO HOUSING.
Summary
Authorizes certain counties to establish a rental unit price ceiling ordinance 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 certain counties 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 nonrefundable 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. Allows the tax credit to be carried forward for up to three taxable years. Applies to taxable years beginning after 12/31/2025. Effective 7/1/2050. (SD2)
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
Senate Passage
Mar 2025
House Passage
Governor
Introduced Jan 17, 2025
Last action Dec 8, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
SB1133_SD1
→
SB1133_SD2
·
4 edits
MODERATE
This bill revision updates the legislative metadata to reflect the second Senate reading and adjusts the text to clarify that counties must adopt an ordinance before applying rent control measures. It also modifies the tax credit rules to allow unused credits to be carried forward for up to three years instead of expiring immediately, while removing a specific exclusion for family members of owners.
Scope change
The bill's applicability now explicitly requires counties to adopt a rental unit price ceiling ordinance before the price controls and associated tax credits take effect. Additionally, the tax credit is now available to lessees who are immediate family members of the property owner, expanding eligibility.
REQUIREMENT
Added a requirement that a county must adopt a specific ordinance before it can establish a rental unit price ceiling or calculate maximum rent increases.
ELIGIBILITY
Removed the restriction preventing lessees who are immediate family members of the owner from claiming the long-term residential lease tax credit.
FISCAL
Changed the tax credit rule to allow unused credits to be carried forward for up to three years, whereas previously excess credits were not refunded or carried forward.
DEFINITION
Updated the description of the tax credit to specify it is nonrefundable and clarify that it applies to counties with adopted ordinances.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
18
Key actions
7
Committee
9
Mar 6, 2025
Committee
Referred to HSG/ECD, CPC, FIN, referral sheet 19
lower
Mar 4, 2025
Introduced
Received from Senate (Sen. Com. No. 263) in amended form (SD 2).
lower
Mar 4, 2025
Upper · Passed
Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
upper
Feb 26, 2025
Upper · Passed
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Aquino, Fevella.
upper
Feb 26, 2025
Upper · Passed
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
upper
Feb 20, 2025
Upper · Passed
The committee(s) on CPN/WAM will hold a public decision making on 02-26-25 10:00AM; Conference Room 211 & Videoconference.
upper
Feb 14, 2025
Upper · Passed
Report adopted; Passed Second Reading, as amended (SD 1) and referred to CPN/WAM.
upper
Feb 14, 2025
Committee
Reported from HOU (Stand. Com. Rep. No. 562) with recommendation of passage on Second Reading, as amended (SD 1) and referral to CPN/WAM.
upper
Feb 5, 2025
Upper · Passed
The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 3 Aye(s): Senator(s) Chang, Hashimoto, Kanuha; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Aquino, Fevella.
upper
Feb 3, 2025
Upper · Passed
The committee(s) on HOU has scheduled a public hearing on 02-06-25 1:05PM; Conference Room 225 & Videoconference.
upper
Jan 31, 2025
Committee
Re-Referred to HOU, CPN/WAM.
upper
Jan 23, 2025
Committee
Referred to HOU/EIG, CPN/WAM.
upper
Jan 17, 2025
Introduced
Introduced.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Angus McKelvey
DDemocratic
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