Exempts development of homestead lots or housing for the Department of Hawaiian Home Lands from general excise and use taxes.

Hawaii HB1086 proposes to amend the tax code by exempting any development of homestead lots or housing for the Department of Hawaiian Home Lands from general excise and use taxes. This includes new construction, moderate rehabilitation, or substantial rehabilitation projects. The exemption applies to projects developed under government assistance programs, by nonprofit organizations, or providing affordable rental housing for low-income households. The tax exemption requires certification by the Department of Hawaiian Home Lands and must be filed with the Department of Taxation.

Exempts development of homestead lots or housing for the Department of Hawaiian Home Lands from general excise and use taxes.

Hawaii HB1086 proposes to amend the tax code by exempting any development of homestead lots or housing for the Department of Hawaiian Home Lands from general excise and use taxes. This includes new construction, moderate rehabilitation, or substantial rehabilitation projects. The exemption applies to projects developed under government assistance programs, by nonprofit organizations, or providing affordable rental housing for low-income households. The tax exemption requires certification by the Department of Hawaiian Home Lands and must be filed with the Department of Taxation.