Hawaii HB2072 proposes a conveyance tax on real property sales to fund affordable housing and homeless services.

Hawaii HB2072 introduces a conveyance tax on real property sales to address the high cost of housing and homelessness. The bill establishes a homeless services special fund and an affordable homeownership revolving fund. It increases conveyance tax rates based on property value, with rates ranging from 10 cents to 70 cents per $100. Exemptions include transfers between family members, certain nonprofit organizations, and owner-occupants. The bill aims to fund affordable housing projects, homeless services, and land conservation.

Hawaii HB2072 proposes a conveyance tax on real property sales to fund affordable housing and homeless services.

Hawaii HB2072 introduces a conveyance tax on real property sales to address the high cost of housing and homelessness. The bill establishes a homeless services special fund and an affordable homeownership revolving fund. It increases conveyance tax rates based on property value, with rates ranging from 10 cents to 70 cents per $100. Exemptions include transfers between family members, certain nonprofit organizations, and owner-occupants. The bill aims to fund affordable housing projects, homeless services, and land conservation.