Report Title:
Real Property Tax; Counties
Description:
Restricts county property tax increases to 10 percent per year.
HOUSE OF REPRESENTATIVES |
H.B. NO. |
322 |
TWENTY-FOURTH LEGISLATURE, 2007 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO REAL PROPERTY TAX.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 46, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§46- Real property tax; residential; restriction. Notwithstanding any other law to the contrary, no county shall increase the tax on real property identified as "residential" by more than ten per cent per year. This section shall not affect any other law or ordinance with respect to the administration of the real property tax."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
INTRODUCED BY: |
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