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Bill Summary · SB 247

Legislative bill overview

SB 247 proposes to modify Hawaii's tax treatment for the conveyance (transfer) of agricultural land. While the bill's specific provisions are not detailed in the available action history, it appears designed to address taxation policies affecting agricultural property transactions in the state. The bill has been referred to the Ways and Means Committee and relevant agricultural/land committees for consideration.

Why is this important

Hawaii's agricultural sector faces pressures from land conversion, development, and rising property values. Tax policy on agricultural land transfers can significantly influence whether farming operations remain viable, whether land stays in agricultural use, or whether it converts to urban development. These decisions affect food security, rural communities, and the state's ability to maintain productive farmland.

Potential points of contention

  • Definition and eligibility scope: Determining what qualifies as "agricultural land" for tax purposes (acreage minimums, active farming requirements, land use history) can be contentious between agricultural interests and tax administrators
  • Revenue implications: Changes to conveyance taxes may reduce state revenue or shift tax burdens between agricultural and non-agricultural property transactions
  • Market effects: Tax incentives could either encourage agricultural land preservation or be perceived as unfair subsidies that distort real estate markets and land pricing

Compiled from official sources — confirm details with the bill’s official record.

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