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
Eliminates the home mortgage interest deduction for second homes not used as a primary residence under Hawaii income tax law. Requires reports to the Legislature. Effective 7/1/2050. (SD1)
AI Summary
This bill amends Hawaii income tax law to eliminate the home mortgage interest deduction for second homes that are not used as a primary residence by the owner or a long-term tenant, meaning taxpayers will no longer be able to deduct the interest paid on mortgages for these types of properties. The bill also requires the department of budget and finance, in consultation with the department of taxation, to submit reports to the Legislature detailing the impact and administration of this change, including data on claimed deductions and the types of properties affected, with the new provisions taking effect for taxable years beginning after December 31, 2025, and the overall law becoming effective on July 1, 2050.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (3)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (on 02/19/2026)
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=SB&billnumber=2451&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2451_SD1_.HTM |
| Committee Report SB2451_SD1_SSCR2401_ | https://www.capitol.hawaii.gov/sessions/session2026/CommReports/SB2451_SD1_SSCR2401_.pdf |
| SB2451_TESTIMONY_HOU_02-05-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/SB2451_TESTIMONY_HOU_02-05-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2451_.HTM |
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