summary
Introduced
01/19/2024
01/19/2024
In Committee
01/24/2024
01/24/2024
Crossed Over
Passed
Dead
05/03/2024
05/03/2024
Introduced Session
2024 Regular Session
Bill Summary
Establishes the accessory dwelling unit housing development program with the Hawaii Community Development Authority to award subsidies to individuals who build accessory dwelling units on an island with a population of more than 150,000, but less than 175,000. Exempts those accessory dwelling units from general excise tax for the first 4 years of rental. Appropriates moneys. Declares that the appropriation exceeds the state general fund expenditure ceiling for 2024-2025.
AI Summary
This bill establishes the accessory dwelling unit (ADU) housing development program within the Hawaii Community Development Authority. The program provides matching funds to homeowners who construct ADUs, with the authority contributing up to $75,000 per ADU. The bill also exempts the rental income from ADUs funded through the program from the general excise tax for the first four years. The bill appropriates funds for the program and declares that the appropriation exceeds the state's general fund expenditure ceiling for 2024-2025.
Committee Categories
Agriculture and Natural Resources
Sponsors (5)
Last Action
Referred to WAL/HSG, FIN, referral sheet 1 (on 01/24/2024)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Domestic Disaster Relief
Community Development and Housing Issues
- ‐ Housing and Community Development for Low and Middle Income Persons
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1730&year=2024 | 01/18/2024 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2024/bills/HB1730_.HTM | 01/19/2024 |
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