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Bill

SB 469

RELATING TO THE CONVEYANCE TAX.

2025 Regular Session Introduced by Ron Kouchi

Hawaii bill SB 469 modifies the state's conveyance tax on real property transfers; specific changes pending committee review.

Referred to HHS/HOU/WTL, WAM.
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Bill Summary · SB 469

Legislative bill overview

SB 469 relates to Hawaii's conveyance tax, which is a tax imposed on the transfer of real property ownership. The bill was recently introduced and passed first reading, currently awaiting committee review in Health and Human Services, Housing, and Water/Land committees as well as the Ways and Means committee. The specific provisions of the bill are not detailed in the available action history.

Why is this important

Hawaii's conveyance tax is a significant source of state revenue and affects real estate transactions statewide. Any modifications to this tax structure could impact housing affordability, real estate market dynamics, tax revenue for state programs, and property transfer costs for residents and businesses. Given Hawaii's ongoing housing crisis, changes to conveyance tax policy carry particular weight.

Potential points of contention

  • Revenue implications: Changes to conveyance tax rates or exemptions could reduce state revenue needed for education, healthcare, and infrastructure unless offset by other mechanisms
  • Housing affordability effects: Modifications could either increase or decrease barriers to property ownership depending on whether taxes are raised or lowered on certain transactions
  • Property transfer equity: Debates may arise over whether different property types (primary residences vs. investment properties, local vs. non-local buyers) should be taxed differently

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

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