HB489

Hawaii HB489 imposes a surcharge on vacant residential properties to fund rental assistance programs and address infrastructure burdens.

Hawaii HB489 establishes a surcharge on vacant residential properties to fund rental assistance programs and address infrastructure burdens. Owners of vacant properties must file annual returns and pay a surcharge based on the property's average annual rental value. Exemptions apply for certain periods, such as when the owner is temporarily absent or the property is under renovation. The surcharge funds rental assistance and infrastructure improvements. The bill also mandates annual reporting by counties on vacant properties and establishes a special fund for these revenues.