Requesting Congress To Propose To Amend The United States Constitution To Authorize The State Of Hawaii To Enact Laws To Authorize Only Hawaii Residents To Purchase Residential Real Properties In The State.
Impact
If enacted, this resolution could significantly alter the landscape of residential property transactions within Hawaii. The proposed law aims to stabilize or potentially reduce housing prices by limiting access to the real estate market to local residents. Proponents of HCR118 believe that such measures are necessary to protect the interests of residents in light of the unique geographical and economic context of Hawaii, where land availability is limited and sought after.
Summary
HCR118 is a House Concurrent Resolution from the State of Hawaii requesting Congress to propose an amendment to the United States Constitution. The resolution seeks to authorize Hawaii to enact laws that would permit only residents of the state to purchase residential real properties. This initiative is driven by the pressing concern over land scarcity in Hawaii and the impact of nonresident purchases on housing prices, which have made it increasingly difficult for local residents to afford homes.
Contention
Notably, the resolution acknowledges that any attempt to enact such a state law would likely face legal challenges due to potential violations of the Constitution. This aspect raises serious questions about the feasibility and legality of the proposed changes, suggesting that even if the resolution gains traction at the state level, its implementation would be complicated by existing federal laws regarding property rights and interstate commerce. Consequently, the discourse surrounding HCR118 highlights a tension between local interests and broader constitutional principles.
Requesting Congress To Propose To Amend The United States Constitution To Authorize The State Of Hawaii To Enact Laws To Authorize Only Hawaii Residents To Purchase Residential Real Properties In The State.
Requesting Congress To Propose To Amend The United States Constitution To Authorize The State Of Hawaii To Enact Laws To Authorize Only Hawaii Residents To Purchase Residential Real Properties In The State.
Urging The United States Department Of The Interior To Work With The Office Of The Governor, Department Of Hawaiian Home Lands, United States Congressional Delegations From Hawaii, And Sovereign Council Of Hawaiian Homestead Associations To Make A Determination In Support Of Act 80, Session Laws Of Hawaii 2017.
Urging The United States Department Of The Interior To Work With The Office Of The Governor, Department Of Hawaiian Home Lands, United States Congressional Delegations From Hawaii, And Sovereign Council Of Hawaiian Homestead Associations To Make A Determination In Support Of Act 80, Session Laws Of Hawaii 2017.
Proposing Amendments To Articles Viii And X Of The Constitution Of The State Of Hawaii To Authorize The Legislature To Establish A Surcharge On Residential Investment Property To Increase Funding For Public Education.
Proposing Amendments To Articles Viii And X Of The Constitution Of The State Of Hawaii To Authorize The Legislature To Establish A Surcharge On Residential Investment Property To Increase Funding For Public Education.
Requesting The Office Of Hawaiian Affairs To Identify The Scope Of Native Hawaiian Cultural Appropriateness For The Purpose Of Addressing Native Hawaiian Disparities.
Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants.
Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants.
Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants.
Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants.
Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals.
Increases, from 18 percent to 30 percent, amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments.