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 successful, the proposed amendment would allow Hawaii to legislate in favor of resident-only purchasing, aimed at reducing the competition for housing that nonresident buyers create. Proponents argue that such laws could lead to lower home prices, thereby improving affordability for local residents; a pressing issue in a state where homeownership is increasingly out of reach for many. The resolution underscores the necessity of legislative action due to the increasing difficulty for locals to secure real estate amid rising market prices fueled by outside investment.
Summary
HCR109 is a House Concurrent Resolution introduced in the Hawaii State Legislature during the 2024 session, which seeks to request Congress to propose an amendment to the United States Constitution. The objective of this bill is to empower the State of Hawaii to enact laws restricting the purchase of residential real properties solely to Hawaii residents. This initiative is motivated by the unique geographical and demographic challenges faced by Hawaii, where limited land availability is compounded by significant pressure from nonresident buyers driving up home prices.
Contention
HCR109 anticipates legal challenges, as such a restriction on property purchases is likely to conflict with existing constitutional provisions regarding interstate commerce and property rights. Critics may argue that the resolution may violate the Constitution by imposing a restriction that could be seen as discriminatory against nonresidents. Hence, before any potential implementation by the state, the bill stresses the need for congressional approval to amend the Constitution, reflecting a proactive approach to address Hawaii's unique housing crisis while acknowledging the complexities of federal law.
Same As
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.
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.
Proposing Amendments To Articles Viii Of The Constitution Of The State Of Hawaii To Authorize The Legislature To Freeze Any Increase In State Residential Property Tax.
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.
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.