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Bill

Bill

HB 377

RELATING TO THE CONVEYANCE TAX.

2025 Regular Session Introduced by Nadine Nakamura

Hawaii HB 377 modifies the conveyance tax on real property transfers, potentially affecting housing affordability and state revenue from real estate transactions.

Referred to HSG, HSH, FIN, referral sheet 1
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Bill Summary · HB 377

Legislative bill overview

HB 377 relates to Hawaii's conveyance tax, which is a tax imposed on the transfer of real property ownership. The bill has been introduced and referred to three House committees (Housing, Health, and Finance) but specific provisions have not yet been publicly detailed in available legislative materials at this early stage of the process.

Why is this important

Hawaii's conveyance tax significantly affects real estate transactions and housing affordability—a critical issue in a state with some of the nation's highest property costs. Any changes to this tax structure could impact home sales volumes, construction development, and state revenue, affecting both individual homebuyers and the housing market broadly.

Potential points of contention

  • Housing affordability vs. revenue: Reducing the tax could help buyers but would decrease state revenue; increasing it could worsen the already severe housing affordability crisis
  • Economic impact on real estate: Changes may affect property transaction volumes, developer investments, and construction activity across the islands
  • Equity concerns: Different tax structures could disproportionately affect first-time homebuyers, local residents, or investors relative to owner-occupants

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

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