HB85

Hawaii HB85 allocates 10% of conveyance taxes to the Land Conservation Fund for land protection and community resilience.

Hawaii HB85 amends the disposition of taxes collected under the conveyance tax chapter. It mandates that 10% of these taxes, or $5,100,000, whichever is less, be allocated to the Land Conservation Fund. This fund supports watershed protection, coastal preservation, flood prevention, parks, habitat protection, cultural preservation, agricultural production, and open space. The bill aims to ensure adequate funding for the Land Conservation Fund and legacy land conservation program, enhancing resilience and community health. The Act takes effect on July 1, 2025.