summary
Introduced
01/22/2026
01/22/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
For taxable years beginning after 12/31/2026, increases the maximum annual deduction for contributions to, and maximum account levels for, individual housing accounts. Effective 7/1/3000. (HD1)
AI Summary
This bill, effective July 1, 3000, and applicable to taxable years beginning after December 31, 2026, proposes to increase the maximum annual deduction for contributions to, and the maximum account levels for, individual housing accounts, which are savings accounts designed to help individuals save for a down payment and closing costs on their first principal residence. The legislature finds that current limits, unchanged since the program's inception, are no longer adequate due to rising housing costs. The bill amends existing law to allow for higher contribution limits for individuals and married couples filing jointly, as well as higher overall lifetime limits for these accounts, aiming to better assist Hawaii residents in achieving homeownership.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (8)
David Alcos (R)*,
Diamond Garcia (R)*,
Joe Gedeon (R)*,
Lauren Matsumoto (R)*,
Christopher Muraoka (R)*,
Elijah Pierick (R)*,
Julie Reyes Oda (R)*,
Garner Shimizu (R)*,
Last Action
House Finance Decision (10:00:00 3/2/2026 Conference Room 308 VIA VIDEOCONFERENCE) (on 03/02/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1756&year=2026 |
| HB1756_HD1_TESTIMONY_FIN_02-27-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/HB1756_HD1_TESTIMONY_FIN_02-27-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/HB1756_HD1_.HTM |
| Committee Report HB1756_HD1_HSCR560-26_ | https://www.capitol.hawaii.gov/sessions/session2026/CommReports/HB1756_HD1_HSCR560-26_.pdf |
| HB1756_TESTIMONY_HSG_02-18-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/HB1756_TESTIMONY_HSG_02-18-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/HB1756_.HTM |
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