Thursday, June 13, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, January 18, 2024
Legislature Considering Constitutional Amendment to Enact a State Property Tax
By Selected News Articles @ 3:01 PM :: 1574 Views :: Education K-12, Taxes

Hawaii lawmakers to consider tax on residential investment property

By Kim Jarrett, The Center Square, Jan 17, 2024

(The Center Square) - The Hawaii Legislature will consider a bill calling for a constitutional amendment to enact a tax on residential investment property valued at over $3 million, with the proceeds going to fund public schools.

LINK: SB2056

"The legislature also finds that chronic underfunding in public education undermines the State's goal of providing a quality education to all of Hawaii's students and to having an educated workforce," the bill said. "Insufficient funding results in delayed repairs to school facilities, overheated classrooms, larger class sizes, a lack of adequate classroom supplies, elimination of arts and career and technical education courses, budget cuts for special education and English language learner programs, increased in-state tuition costs to attend the University of Hawaii, and an increasing number of vacant teacher positions statewide."

The cost of housing is a "significant deterrent to affordability of residing in Hawaii."

"Real estate owned by nonresident investors exacerbates the economics of unaffordability of housing," lawmakers said in the bill. "The State needs its residents to be educated and for local businesses and industry to have a well-educated resident workforce. Enabling funding from real estate speculation to support public education infrastructure within the State is rational."

The average cost of a home in Hawaii is 714,700, according to the real estate company Redfin

Hawaii legislators begin the 2024 session Wednesday with a slew of new bills. House Bill 1572 would create a tax on out-of-state pensions. 

"The legislature believes that the taxation of these out-of-state pensions will establish equity among taxpayers residing in Hawaii and help grow the State's economy," the bill states.

Lawmakers will also address the Maui wildfires. The House and Senate will consider identical bills requiring the insurance commissioner to study wildfire risks. Legislators are also proposing a Hawaii Wildfire Relief fund to help with the cost associated with the wildfires. Another bill would re-establish the state fire marshal's office.

The House will have a new member. Gov. Josh Green appointed Joje May Mizuno to fill a seat vacated when the governor appointed her husband, John Mizuno, to Coordinator of Homelessness.

“Her deep roots within the community and experience in legislative matters will make her a phenomenal Representative for District 29," Green said. "She was selected from a list of three fantastic nominees, all with strong ties in the community, all of Filipino ancestry, and all leaders in their own right. That said, there was an overwhelming amount of support for May."

---30---

CB: The Legislature passed a similar bill in 2018, but the state Supreme Court invalidated the ballot measure for using vague and unclear language.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii