Hawaii 2025 Regular Session

Hawaii House Bill HB1457 Compare Versions

Version 1 (Old)

Version 2 (New)

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1		-	HOUSE OF REPRESENTATIVES H.B. NO. 1457 THIRTY-THIRD LEGISLATURE, 2025 ~~H.D. 1~~ STATE OF HAWAII A BILL FOR AN ACT RELATING TO TAX INCREMENT FINANCING. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
	1	+	HOUSE OF REPRESENTATIVES H.B. NO. 1457 THIRTY-THIRD LEGISLATURE, 2025 STATE OF HAWAII A BILL FOR AN ACT relating to tax increment financing. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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3	3		HOUSE OF REPRESENTATIVES H.B. NO. 1457
4		-	THIRTY-THIRD LEGISLATURE, 2025 ~~H.D. 1~~
	4	+	THIRTY-THIRD LEGISLATURE, 2025
5	5		STATE OF HAWAII
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7	7		HOUSE OF REPRESENTATIVES
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9	9		H.B. NO.
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11	11		1457
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13	13		THIRTY-THIRD LEGISLATURE, 2025
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15		-	~~H.D. 1~~
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17	17		STATE OF HAWAII
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31	31		A BILL FOR AN ACT
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37	37		relating to tax increment financing.
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43	43		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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47		-	SECTION 1. Section 46-103, Hawaii Revised Statutes, is amended to read as follows: "§46-103 Establishment of tax increment district. (a) Any county council may provide for tax increment financing by approving a tax increment financing plan and adopting an ordinance establishing the tax increment district. The ordinance shall: (1) Describe the boundaries of the tax increment district; (2) Provide for the date of commencement of the tax increment district and date of termination of the district; (3) Provide for the establishment of a tax increment fund for the district; and (4) Provide for [such] other matters deemed to be pertinent and desirable for tax increment financing and not inconsistent with any relevant redevelopment plan, community development plan, high technology park plan, or telecommunication development plan. (b) The ~~department of~~ Hawaiian ~~home lands~~ may ~~apply to~~ a ~~county for~~ tax increment ~~financing~~ under subsection (a)." SECTION 2~~. Statutory material to be repealed is bracketed and stricken~~. New statutory material is underscored. SECTION 3. This Act shall take effect ~~on July 1, 3000~~.
	47	+	SECTION 1. Section 46-103, Hawaii Revised Statutes, is amended to read as follows: "§46-103 Establishment of tax increment district. (a) Any county council may provide for tax increment financing by approving a tax increment financing plan and adopting an ordinance establishing the tax increment district. The ordinance shall: (1) Describe the boundaries of the tax increment district; (2) Provide for the date of commencement of the tax increment district and date of termination of the district; (3) Provide for the establishment of a tax increment fund for the district; and (4) Provide for such other matters deemed to be pertinent and desirable for tax increment financing and not inconsistent with any relevant redevelopment plan, community development plan, high technology park plan, or telecommunication development plan. (b) The Hawaiian homes commission may designate a tax increment district under subsection (a). If the commission designates a district as a tax increment district, then the county council shall adopt a tax increment financing plan and ordinance establishing the tax increment district according to the boundaries determined by the Hawaiian homes commission and pursuant to this section." SECTION 2. New statutory material is underscored. SECTION 3. This Act shall take effect upon its approval. INTRODUCED BY: _____________________________
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49	49		SECTION 1. Section 46-103, Hawaii Revised Statutes, is amended to read as follows:
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51	51		"§46-103 Establishment of tax increment district. (a) Any county council may provide for tax increment financing by approving a tax increment financing plan and adopting an ordinance establishing the tax increment district. The ordinance shall:
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53	53		(1) Describe the boundaries of the tax increment district;
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55	55		(2) Provide for the date of commencement of the tax increment district and date of termination of the district;
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57	57		(3) Provide for the establishment of a tax increment fund for the district; and
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59		-	(4) Provide for [such] other matters deemed to be pertinent and desirable for tax increment financing and not inconsistent with any relevant redevelopment plan, community development plan, high technology park plan, or telecommunication development plan.
	59	+	(4) Provide for such other matters deemed to be pertinent and desirable for tax increment financing and not inconsistent with any relevant redevelopment plan, community development plan, high technology park plan, or telecommunication development plan.
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61		-	(b) The ~~department of~~ Hawaiian ~~home lands~~ may ~~apply to~~ a ~~county for~~ tax increment ~~financing~~ under subsection (a)."
	61	+	(b) The Hawaiian homes commission may designate a tax increment district under subsection (a). If the commission designates a district as a tax increment district, then the county council shall adopt a tax increment financing plan and ordinance establishing the tax increment district according to the boundaries determined by the Hawaiian homes commission and pursuant to this section."
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63		-	SECTION 2~~. Statutory material to be repealed is bracketed and stricken~~. New statutory material is underscored.
	63	+	SECTION 2. New statutory material is underscored.
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65		-	SECTION 3. This Act shall take effect ~~on July 1, 3000~~.
	65	+	SECTION 3. This Act shall take effect upon its approval.
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67		-	Report Title: DHHL; Counties; Tax Increment Financing Description: Authorizes the Department of Hawaiian Home Lands to apply to the counties for tax increment financing. Effective 7/1/3000. (HD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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	69	+	INTRODUCED BY: _____________________________
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	71	+	INTRODUCED BY:
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	73	+	_____________________________
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	79	+	Report Title: DHHL; Counties; Tax Increment Financing Description: Authorizes the Hawaiian Homes Commission to designate tax increment districts that may utilize tax increment financing. The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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73	85		Report Title:
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75	87		DHHL; Counties; Tax Increment Financing
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79	91		Description:
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81		-	Authorizes the ~~Department of~~ Hawaiian ~~Home Lands~~ to ~~apply to the counties for~~ tax increment financing. ~~Effective 7/1/3000. (HD1)~~
	93	+	Authorizes the Hawaiian Homes Commission to designate tax increment districts that may utilize tax increment financing.
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89	101		The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.