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Hawaii lawmakers to consider tax on residential investment property

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Hawaii lawmakers to consider tax on residential investment property


(The Center Square) – The Hawaii Legislature will consider a bill calling for a constitutional amendment to enact a tax on residential investment property valued at over $3 million, with the proceeds going to fund public schools.

“The legislature also finds that chronic underfunding in public education undermines the State’s goal of providing a quality education to all of Hawaii’s students and to having an educated workforce,” the bill said. “Insufficient funding results in delayed repairs to school facilities, overheated classrooms, larger class sizes, a lack of adequate classroom supplies, elimination of arts and career and technical education courses, budget cuts for special education and English language learner programs, increased in-state tuition costs to attend the University of Hawaii, and an increasing number of vacant teacher positions statewide.”

The cost of housing is a “significant deterrent to affordability of residing in Hawaii.”

“Real estate owned by nonresident investors exacerbates the economics of unaffordability of housing,” lawmakers said in the bill. “The State needs its residents to be educated and for local businesses and industry to have a well-educated resident workforce. Enabling funding from real estate speculation to support public education infrastructure within the State is rational.”

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The average cost of a home in Hawaii is 714,700, according to the real estate company Redfin.

Hawaii legislators begin the 2024 session Wednesday with a slew of new bills. House Bill 1572 would create a tax on out-of-state pensions.

“The legislature believes that the taxation of these out-of-state pensions will establish equity among taxpayers residing in Hawaii and help grow the State’s economy,” the bill states.

Lawmakers will also address the Maui wildfires. The House and Senate will consider identical bills requiring the insurance commissioner to study wildfire risks. Legislators are also proposing a Hawaii Wildfire Relief fund to help with the cost associated with the wildfires. Another bill would re-establish the state fire marshal’s office.

The House will have a new member. Gov. Josh Green appointed Joje May Mizuno to fill a seat vacated when the governor appointed her husband, John Mizuno, to Coordinator of Homelessness.

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“Her deep roots within the community and experience in legislative matters will make her a phenomenal Representative for District 29,” Green said. “She was selected from a list of three fantastic nominees, all with strong ties in the community, all of Filipino ancestry, and all leaders in their own right. That said, there was an overwhelming amount of support for May.”



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Hawaii County Surf Forecast for March 04, 2026 | Big Island Now

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Hawaii County Surf Forecast for March 04, 2026 | Big Island Now


Forecast for Big Island Windward and Southeast


Shores Tonight Wednesday
Surf Surf
PM AM AM PM
North Facing 2-4 2-4 2-4 2-4
East Facing 3-5 4-6 4-6 5-7
South Facing 1-3 1-3 1-3 1-3
TONIGHT
Weather Mostly cloudy. Numerous showers.
Low Temperature In the upper 60s.
Winds East winds 5 to 10 mph.
Tides
Hilo Bay High 1.9 feet 03:26 PM HST.
Low -0.1 feet 09:20 PM HST.
High 2.4 feet 03:40 AM HST.
WEDNESDAY
Weather Partly sunny. Numerous showers.
High Temperature In the upper 70s.
Winds East winds 10 to 15 mph.
Tides
Hilo Bay Low -0.1 feet 10:00 AM HST.
High 2.0 feet 04:04 PM HST.
Sunrise 6:37 AM HST.
Sunset 6:27 PM HST.

Forecast for Big Island Leeward


Shores Tonight Wednesday
Surf Surf
PM AM AM PM
West Facing 2-4 2-4 2-4 1-3
South Facing 1-3 1-3 1-3 1-3
TONIGHT
Weather Mostly sunny until 6 PM, then mostly
cloudy. Hazy.
Low Temperature In the upper 60s.
Winds West winds around 5 mph early in the
afternoon, becoming light and variable.
Tides
Kona High 1.5 feet 04:04 PM HST.
Low -0.1 feet 09:57 PM HST.
High 1.9 feet 04:18 AM HST.
Kawaihae High 1.4 feet 04:36 PM HST.
Low -0.1 feet 10:20 PM HST.
High 1.9 feet 04:38 AM HST.
WEDNESDAY
Weather Partly sunny. Hazy.
High Temperature In the mid 80s.
Winds Light and variable winds, becoming west
around 5 mph in the afternoon.
Tides
Kona Low -0.1 feet 10:37 AM HST.
High 1.6 feet 04:42 PM HST.
Kawaihae Low -0.2 feet 11:01 AM HST.
High 1.6 feet 05:13 PM HST.
Sunrise 6:41 AM HST.
Sunset 6:31 PM HST.

The current moderate northwest swell will continue a gradual decline through Thursday. A small west-northwest swell will arrive on Friday and hold through the weekend, followed by a small north-northwest swell early next week. Choppy east shore surf will build to near seasonal average by Wednesday as trade winds strengthen over and east of the islands. Little change is expected along east facing shores through the weekend, followed by a possible decline early next week if winds veer southerly. Surf along south facing shores will remain small to tiny through the weekend, and some islands may an increase in choppy surf if southerly winds develop early next week.

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NORTH EAST

am        pm  

ARTICLE CONTINUES BELOW AD
ARTICLE CONTINUES BELOW AD

Surf: Minimal (ankle high or less) surf.

Conditions: Semi choppy with ESE winds 5-10mph in the morning increasing to 10-15mph in the afternoon.

NORTH WEST

am        pm  

Surf: Minimal (ankle high or less) surf.

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ARTICLE CONTINUES BELOW AD

Conditions: Clean in the early morning with ESE winds less than 5mph. Bumpy/semi bumpy conditions move in during the morning hours with the winds shifting W 5-10mph.

WEST

am        pm  

Surf: Minimal (ankle high or less) surf.

Conditions: Semi glassy in the morning with N winds less than 5mph. Bumpy/semi bumpy conditions for the afternoon with the winds shifting WNW 5-10mph.

ARTICLE CONTINUES BELOW AD

SOUTH EAST

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am        pm  

Surf: Minimal (ankle high or less) surf.

Conditions: Light sideshore texture in the morning with NE winds 10-15mph. This becomes Sideshore texture/chop for the afternoon.

Data Courtesy of NOAA.gov and SwellInfo.com



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Hawaii delegation continues to blast U.S. attack on Iran | Honolulu Star-Advertiser

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Hawaii delegation continues to blast U.S. attack on Iran | Honolulu Star-Advertiser




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Blood moon to dazzle Hawaii skies tonight

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Blood moon to dazzle Hawaii skies tonight

























Blood moon to dazzle Hawaii skies tonight | Local | kitv.com

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