Hawaii Senate Bill 3005

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 24 2024 - 25% progression, died in committee
Action: 2024-01-26 - Referred to HHS/HOU/WTL, WAM.
Pending: Senate Health and Human Services Committee
Text: Latest bill text (Introduced) [HTML]

Establishes the Homeless Services Fund. Amends the conveyance tax rates based on property values. Repeals the conveyance tax rates set separately for conveyances for which the purchasers are ineligible for a county homeowner's exemption on property tax. Exempts from conveyance taxes, conveyances of real property to organizations with certain affordability requirements and to certain nonprofit organizations. Allows collected conveyance taxes to be allocated to the Affordable Homeownership Revolving Fund and Homeless Services Fund and amends the allocations to the Land Conservation Fund and Rental Housing Revolving Fund. Allows counties to apply for matching funds from the Affordable Homeownership Revolving Fund for housing projects that are subject to a perpetual affordability requirement.

Relating To The Conveyance Tax.

Sen. Joy San Buenaventura [D]

Sen. Glenn Wakai [D]

Date	Chamber	Action
2024-01-26	Senate	Referred to HHS/HOU/WTL, WAM.
2024-01-24	Senate	Passed First Reading.
2024-01-24	Senate	Introduced.

HB2629 (Same As) 2024-02-16 - Report adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; Representative(s) Garcia, Pierick, Ward voting no (3) and Representative(s) Aiu, Garrett, Perruso, Takayama, Todd excused (5).

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3005&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB3005_.HTM