HB377

Increases conveyance tax rates to fund affordable housing, homeless services, and land conservation.

This bill increases conveyance tax rates on real property sales in Hawaii to fund affordable housing, homeless services, and land conservation. The tax rates vary based on property value, with higher rates for larger properties. Exemptions include transfers before 1967, documents securing debts, and certain nonprofit conveyances. Funds are allocated to the homeless services special fund, affordable homeownership revolving fund, and rental housing revolving fund. The bill aims to address high housing costs and homelessness in Hawaii.