Urges Hawaii counties to eliminate real property taxes and find alternative revenue sources.

This bill urges Hawaii counties to eliminate real property taxes, which can strain intergenerational support systems and contribute to housing insecurity. It encourages counties to conduct fiscal analyses and public consultations to identify sustainable alternative revenue sources. The bill aims to enhance economic stability, support housing affordability, and strengthen community resilience. It also highlights the need to evaluate the implications of phasing out real property taxation and to sustain essential services without relying on such taxes.

Urges Hawaii counties to eliminate real property taxes and find alternative revenue sources.

This bill urges Hawaii counties to eliminate real property taxes, which can strain intergenerational support systems and contribute to housing insecurity. It encourages counties to conduct fiscal analyses and public consultations to identify sustainable alternative revenue sources. The bill aims to enhance economic stability, support housing affordability, and strengthen community resilience. It also highlights the need to evaluate the implications of phasing out real property taxation and to sustain essential services without relying on such taxes.