RELATING TO TAXATION.
Summary
Requires each county to apply any applicable real property tax exemptions, reduced assessments, or tax classifications for any affordable housing subject to income, resale, or occupancy restrictions as of the date a qualifying owner takes title to the affordable housing for the upcoming tax period, consistent with county procedures. Effective 4/19/2042. (SD1)
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2026
Committee Review
Mar 2026
Senate Passage
Mar 2026
House Passage
Governor
Introduced Jan 30, 2026
Last action Mar 25, 2026
Maddy AI version diff · 1 comparison
What changed between versions
SB3333
→
SB3333_SD1
·
3 edits
MINOR
The bill was amended to change its effective date from immediate approval to April 19, 2042, and updated the bill's metadata to reflect it as a Senate Draft version. The core policy regarding real property tax relief for affordable housing remains unchanged, though minor formatting adjustments were made to the text.
Scope change
The bill's applicability timeline changed from immediate effect upon approval to a specific future date of April 19, 2042.
TIMELINE
The effective date of the Act was changed from 'upon approval' to 'April 19, 2042'.
TECHNICAL
The bill title was updated to include 'SD1' and the sponsor name was changed from Blake Anderson to Margaret McGary.
The bill number and revision metadata were updated to reflect the new Senate Draft version.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
19
Key actions
7
Committee
8
Mar 10, 2026
Committee
Referred to HSG, FIN, referral sheet 16
lower
Mar 6, 2026
Introduced
Received from Senate (Sen. Com. No. 136) in amended form (SD 1).
lower
Mar 6, 2026
Upper · Passed
Report Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.
upper
Mar 3, 2026
Upper · Passed
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
upper
Feb 23, 2026
Upper · Passed
The committee(s) on WAM will hold a public decision making on 02-25-26 10:57AM; Conference Room 211 & Videoconference.
upper
Feb 19, 2026
Upper · Passed
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
upper
Feb 19, 2026
Committee
Reported from EIG/HOU (Stand. Com. Rep. No. 2456) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
upper
Feb 17, 2026
Upper · Passed
The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 5 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
upper
Feb 17, 2026
Upper · Passed
The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 5 Aye(s): Senator(s) Chang, Hashimoto, Elefante, Rhoads, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
upper
Feb 13, 2026
Upper · Passed
The committee(s) on EIG/HOU has scheduled a public hearing on 02-17-26 3:01PM; Conference Room 224 & Videoconference.
upper
Feb 2, 2026
Committee
Referred to EIG/HOU, WAM.
upper
Jan 30, 2026
Introduced
Introduced.
upper
3 primary · 2 co-sponsors
Sponsors
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