UHERO offers ‘uncertainties’ over Council’s proposed empty-homes tax
The University of Hawaiʻi Economic Research Organization offered more insights over the potential ramifications of an implemented empty homes tax on Oʻahu.
Honolulu City Council bill aimed at taxing empty homes advances
The Honolulu City Council Budget committee narrowly advanced a measure that would tax properties left vacant by up to 3 percent.
Honolulu City Council’s empty-homes tax measure advances
The Honolulu City Council’s Budget Committee voted 3–2 to advance Bill 46, which could tax a vacant real property by as much as 3 percent.
The empty homes tax: A promising step on affordable housing—if we get it right
The Honolulu City Council is considering legislation with the potential to bring much-needed assistance to a market out of reach for many.
Honolulu empty homes tax proposal advances
At 3 percent, annual revenue could be about $180 million, according to a recent estimate from Hawaiʻi Appleseed.
Report backs empty-homes tax to address housing crisis on Oʻahu
To address investment-driven purchases and support affordable housing for working families, Appleseed recommended a 3–5 percent tax, which could generate annual revenue ranging from $183 million to $305 million.
Governor Green enacts historic tax relief for working class
Taxpayers could see higher paychecks starting next year. However, the tax cuts raise concerns about how the state will manage to balance the budget in the years ahead.
The gap between median home prices and household income in Hawaiʻi? It’s ‘scary’
Based on Honolulu’s median home price of $1,085,800 and median family income of $120,100, the index said a mortgage requires 73 percent of the median paycheck.
Concerns rise for low-income families over legislature's recent tax cut measure
The cost of the tax cuts concerns some advocates. An analysis by the Institute on Taxation and Economic Policy estimated an initial annual revenue loss of $656 million, that balloons to close to $1.5 billion by 2030. That's about 10 percent of the state's total budget.
Lawmakers give final approval to a ‘historic’ income tax cut in long day of voting
The tax bill along with nearly 200 other measures now go to Gov. Josh Green for his consideration.
It’s being called Hawaiʻi’s biggest tax break, but some will get more help than others
Although pleased the inheritance tax reduction failed, Hawaiʻi Appleseed was unhappy that the reform bill delivers so much relief to people with the highest incomes.
In last-minute plea to Legislature, Maui’s mayor requests $125M for wildfire recovery aid
The request is getting a cool response amid pressure to do more for low-income residents.
Maui Mayor Richard Bissen is on the hot seat now. And rightly so
Community and labor groups hope to hold legislators accountable to local working families.
The last major tax bills still alive this session would cut income and estate taxes
It's a tight budget year and lawmakers are being criticized for advancing a major reduction in the state inheritance tax that would only benefit Hawaiʻi's wealthiest families.
What do estate tax cuts for the wealthy say about Hawaiʻi’s priorities?
Should the tax cut become law, it will speak volumes about our state’s priorities.
Rethinking Hawaiʻi’s conveyance tax
Hawaiʻi stands at the critical decision point in investing in our housing needs: The enactment of HB2364 holds the promise of a brighter, more inclusive future for all residents.
As Filipinos grapple with high rent, what is the state planning this legislative session?
Locals and new locals coming together in a limited space have produced the perfect storm for a rental crunch where low supply is lopsided by high demand, and the result is a hefty rental tag.
A proposed constitutional amendment would let Hawaiʻi use property taxes to fund schools
The Legislature passed a similar bill in 2018, but the state Supreme Court invalidated the ballot measure for using vague and unclear language.
Rebalance Hawaiʻi’s upside-down tax code to achieve prosperity for all
We are the third-worst state when it comes to taxing struggling working families.
New report on cycle of poverty in Hawaiʻi urges state lawmakers to find solutions
Solutions include substantially increasing public financing of affordable housing, as well as the creation of a state level child tax credit.