Appropriates funds for collective bargaining cost items for the members of bargaining unit (13) and their excluded counterparts, including the cost of salary adjustments negotiated between the State and the bargaining unit representative for fiscal biennium 2025-2027. Declares the expenditure ceiling for fiscal year 2025-2026 is exceeded. Effective 7/1/2050. (SD1)
SB 592 would remove a specific tax deduction currently available to real estate investment trusts (REITs) in the state. It disallows the "dividends-paid deduction," meaning REITs would no longer be able to reduce their taxable income by the amount they pay out as dividends to shareholders. This change directly affects REITs operating within the state, impacting their tax liability starting for taxable years beginning after December 31, 2025. The bill makes a concrete policy change to the state's tax code by eliminating this deduction for REITs.
Establishes a definition of "low alcohol by volume spirits beverage". Beginning 7/1/2025, establishes a tax on low alcohol by volume spirits beverages at a rate of $1.10 per wine gallon. Takes effect 6/30/2025.
HB 1240 appropriates state funds for capital improvement projects (such as infrastructure or facility upgrades) specifically within the Thirteenth Representative District. This bill directly affects residents and local projects in that district by providing dedicated funding for physical improvements. The key mechanism is a budget allocation, directing state resources to eligible projects in the district without altering existing laws or creating new requirements. The bill is currently pending in the 2026 Regular Session after being introduced in January 2025.
Appropriates moneys out of the Emergency and Budget Reserve Fund for fiscal year 2026-2027 to maintain the levels of programs determined to be essential to education, public health, and public welfare, to provide for counter cyclical economic and employment programs of economic downturn, to restore facilities destroyed or damaged or services disrupted by disaster, and to meet other emergencies declared by the governor or determined to be urgent by the legislature.
Establishes the Homeless Services Special Fund. Allows counties to apply for matching funds from the Affordable Homeownership Revolving Fund for certain housing projects. Increases the conveyance tax rates for certain properties. Establishes conveyance tax rates for multifamily residential properties. Establishes new exemptions to the conveyance tax. Allocates collected conveyance taxes to the Affordable Homeownership Revolving Fund, Homeless Services Special Fund and, and Dwelling Unit Revolving Fund. Amends allocations to the Land Conservation Fund and Rental Housing Revolving Fund.
HB 201 appropriates state funds to provide a salary supplement for the State Fire Marshal. This bill directly affects the State Fire Marshal's compensation and takes effect on July 1, 3000. The measure is a funding appropriation with no policy changes to fire safety regulations or duties.
HB 1448 allocates state funds for capital improvement projects, such as infrastructure upgrades, in the Nineteenth Representative District. It directly affects residents and local projects within that district by providing financial resources for physical improvements like roads or public facilities. The bill’s key mechanism is a straightforward funding appropriation, without introducing new regulations or requirements. As a fiscal measure, it does not change existing laws but directs state money toward specific district needs.
Establishes the Accessory Dwelling Unit Financing and Deed Restriction Program to be administered by the Hawaii Housing Finance and Development Corporation to allocate funds to the counties for the purchase of equity for eligible homeowners or homebuyers to finance construction costs, development costs, and non-reoccurring closing costs associated with the construction of an accessory dwelling unit and purchase deed restrictions on such property. Exempts the conveyance tax for certain properties for taxable years beginning on 1/1/2026. Effective 7/1/2050. (SD1)
SB 567 establishes a state income tax credit for individuals who pay for medical travel expenses not covered by insurance. Eligible residents could reduce their income tax bill by the amount spent on qualifying travel, such as trips to specialists or treatment centers. The credit applies only to costs not reimbursed through insurance coverage. This policy directly affects people facing out-of-pocket transportation costs for medical care.
