WeVote
Log In

Bill

Bill

SR 126

REQUESTING THE UNIVERSITY OF HAWAIʻI ECONOMIC RESEARCH ORGANIZATION TO CONDUCT A STUDY ON THE POTENTIAL IMPACT OF THE USE OF TAXATION AND EMINENT DOMAIN ON THE PRICE AND THE AVAILABILITY OF HOUSING IN THE STATE TO ADDRESS THE CONCENTRATION OF RESIDENTIAL PROPERTY OWNERSHIP AMONG OWNERS OF VACANT AND SURPLUS HOUSING AND INSTITUTIONAL INVESTOR PROPERTY OWNERS.

2025 Regular Session Introduced by Karl Rhoads

SR 126 requests a study on how taxation and eminent domain affect housing prices and availability in Hawaii, aiming to inform policies for better housing access.

Referred to HRE/HOU.
#eminentdomain #institutionalinvestorproperty #report #residentialpropertyownership #study #surplushousing #taxation #uhero #vacanthousing
0
WeVote Research Nonpartisan
Bill Summary · SR 126

Summary of SR 126

Bill Overview

Bill Number: SR 126
Title: Requesting the University of Hawaiʻi Economic Research Organization to Conduct a Study on the Potential Impact of the Use of Taxation and Eminent Domain on the Price and the Availability of Housing in the State
Status: Referred to HRE/HOU
Introduced: March 07, 2025
Classification: Resolution
Subject Areas: Eminent Domain, Institutional Investor Property, Residential Property Ownership, Surplus Housing, Taxation, UHERO, Vacant Housing

Purpose and Intent

The primary intent of SR 126 is to address the growing concern regarding the concentration of residential property ownership in Hawaii, particularly among owners of vacant and surplus housing and institutional investors. The resolution seeks to understand how taxation and the use of eminent domain could influence housing prices and availability in the state.

Key Provisions

  • Study Request: The resolution requests the University of Hawaiʻi Economic Research Organization (UHERO) to conduct a comprehensive study.
  • Focus Areas: The study will specifically examine:
    • The impact of taxation on housing prices and availability.
    • The implications of eminent domain on residential property ownership.
    • The concentration of ownership among institutional investors and its effects on the housing market.

Potential Impact

  • Housing Market Analysis: The findings from the study could provide valuable insights into how current policies affect housing availability and affordability in Hawaii.
  • Policy Recommendations: Based on the study's results, the resolution may lead to recommendations for legislative or regulatory changes aimed at improving the housing situation in the state.
  • Stakeholder Engagement: The study will likely involve various stakeholders, including policymakers, housing advocates, and community members, to ensure a comprehensive understanding of the issues at hand.

Procedural Timeline

  • Introduced Date: March 07, 2025
  • Referred to Committees: March 12, 2025 (HRE/HOU)

Related Legislation

  • Companion Bill: SCR 156, which may address similar issues or complement the objectives of SR 126.

This resolution represents a proactive approach to tackling housing challenges in Hawaii, aiming to gather data that could inform future legislative actions and improve the overall housing landscape in the state.

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

Sign in to ask a question.