Establishes a tax credit for landlords who charge below-market rent and assesses an additional privilege tax on landowners who charge above-market rent, under certain conditions. Requires the Hawaii Housing Finance and Development Corporation to determine median market rent for rental units by geographic area for the purposes of the below-market rent tax credit and above-market rent tax.
- Chamber
- House
- Introduced
- Jan 22, 2025
- Last action
- Jan 22, 2025 — Pending introduction.
- Session
- 2026
- Momentum
- 34 · Low