SB3028: Conveyance Tax

  • Status: Failed
  • Position: Support
  • Bill Number: SB3028
  • Session: 2026 Legislative Session
  • Latest Update: May 1, 2026
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Summary

Restructures the conveyance tax to a marginal rate system for the sale of properties with residential use, adjusts the tax for multifamily properties to reflect value on a per-unit basis, and applies a cost-of-living adjustment to conveyance tax rates. Establishes the Transit-Oriented Development Infrastructure Subaccount within the Dwelling Unit Revolving Fund. Allocates a portion of conveyance tax collections to the Transit-Oriented Development Infrastructure Subaccount and Hawaiian Home Lands Infrastructure and Housing Special Fund. Establishes and appropriates funds out of the Hawaiian Home Lands Infrastructure and Housing Special Fund.

Referral: HSG, FIN

Introducer(s): LEE, C.

Click here to read our testimony in support

Sponsors:
LEE, C.