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SB 2980

RELATING TO HISTORIC AND CULTURAL PRESERVATION.

2024 Regular Session Introduced by Henry Aquino and 10 co-sponsors

SB 2980 secures funding for preserving historic sites, supports disaster recovery, and incentivizes private investment through tax credits, benefiting local communities and property owners.

Referred to EET/PSM/WTL, WAM/JDC.
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WeVote Research Nonpartisan
Bill Summary · SB 2980

Summary of SB 2980: Relating to Historic and Cultural Preservation

Bill Number: SB 2980
Introduced On: January 24, 2024
Current Status: Referred to EET/PSM/WTL, WAM/JDC
Classification: Bill
Related Bills: HB 2693 (companion)

Purpose and Intent

SB 2980 aims to enhance the preservation of historic and cultural sites within the state. The bill seeks to provide necessary funding and establish mechanisms for the redevelopment of areas affected by disasters, ensuring that cultural heritage is maintained and protected. It also addresses the use of eminent domain in the context of historic preservation.

Key Provisions

The bill includes several significant provisions:

  • Appropriation of Funds: SB 2980 proposes an appropriation from the General Fund to support the initiatives outlined in the bill, although specific dollar amounts are not detailed in the current version.

  • Cultural Corridor Authority: The establishment of a Cultural Corridor Authority is proposed to oversee the preservation efforts and manage redevelopment projects in designated areas.

  • Eminent Domain and Condemnation: The bill outlines the conditions under which the state may exercise eminent domain for the purpose of preserving historic and cultural sites, ensuring that such actions are conducted with respect to community values.

  • Income Tax Credit: A provision for an income tax credit is included to incentivize private investment in the preservation of historic properties, encouraging community involvement in maintaining cultural heritage.

  • Redevelopment of Disaster-Affected Areas: The bill emphasizes the importance of revitalizing areas that have been impacted by disasters, integrating historic preservation into recovery efforts.

Impact

SB 2980 is expected to affect:

  • Local Communities: Communities with historic and cultural sites will benefit from the funding and support for preservation efforts, fostering local identity and tourism.

  • Property Owners: Individuals and businesses owning historic properties may find new opportunities for financial assistance through tax credits and state support.

  • State Agencies: The Department of Taxation and the Attorney General's office may see increased responsibilities related to the implementation of the bill's provisions, particularly concerning eminent domain and tax credit administration.

Procedural Aspects

  • Legislative Timeline:
    • January 24, 2024: The bill was introduced and passed its first reading.
    • January 26, 2024: The bill was referred to the committees on Economic Development, Tourism, and Technology (EET), Public Safety, Military, and Intergovernmental Affairs (PSM), Water and Land (WTL), and Ways and Means (WAM) / Judiciary and Hawaiian Affairs (JDC).

This summary provides an overview of SB 2980, highlighting its purpose, key provisions, and potential impacts on communities and stakeholders involved in historic and cultural preservation efforts.

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

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