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HB 1273

RELATING TO TAXATION OF REAL ESTATE INVESTMENT TRUSTS.

2026 Regular Session Introduced by Terez Amato and 3 co-sponsors

HB 1273 modifies Hawaii's taxation of Real Estate Investment Trusts, potentially affecting property investment, state revenue, and housing market dynamics.

Carried over to 2026 Regular Session.
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Bill Summary · HB 1273

Legislative bill overview

HB 1273 proposes changes to how Real Estate Investment Trusts (REITs) are taxed in Hawaii. The bill was introduced in January 2025 and has been referred to the Economic Development, Consumer Protection, and Finance committees. It was carried over to the 2026 legislative session, meaning it did not complete passage in the 2025 session.

Why is this important

REITs control significant property holdings and generate tax revenue for states. Changes to REIT taxation can affect housing costs, investment patterns, and state revenue. Hawaii's real estate market and property tax base make REIT policy particularly relevant to residents and policymakers concerned with affordable housing and tax equity.

Potential points of contention

  • Revenue impact: Changes to REIT taxation could reduce state/county tax revenue or shift tax burdens to other property owners
  • Housing affordability: REIT investment in Hawaii property is a factor in housing costs; tax policy may either encourage or discourage such investment
  • Investment climate: Increased taxes on REITs could affect property investment incentives and economic development goals

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

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