Bill 40 (2026) CD1 Real property taxation
At a glance
- What: Bill relating to real property taxation, with a one-time remission for affordable housing purchasers (housing with restrictions).
- Where it stands: Reported out of the Budget Committee on Oct 20, 2026 (committee report 281(26)) for passage on third reading, 4-0: aye Kiaʻāina, Nishimoto, Okimoto, Tulba; Cordero and Waters absent. No testimony was offered (related communication M-431(26)). It had passed second reading as CD1 on July 8, 2026, 8-0.
- Key points: The Real Property Assessment Administrator said the department has no objections and finds the CD1 acceptable; the CD1 was worked out with Dos Santos-Tam's office. Kiaʻāina asked whether a general fix would be needed for similar future projects; the answer was that the bill covers all projects in these circumstances.
Sources
- Committee on Budget written summary, October 20, 2026 (not formal minutes): https://hnldoc.ehawaii.gov/hnldoc/document-download?id=29424
- City Council journal (minutes), regular meeting of July 8, 2026 (adopted August 12, 2026): https://hnldoc.ehawaii.gov/hnldoc/document-download?id=28796
- https://hnldoc.ehawaii.gov/hnldoc/agenda/browse/744
- 2026-10-20 - Budget
Discussion time
About 3 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-20 - Budget | 3 |
Log
2026-10-20 - Budget
Official written summary: reported out 4-0, 9:14 to 9:16 a.m.
2026-07-08 - Regular Council
Passed second reading as amended to CD1, 8-0 (Tulba absent); Okimoto moved committee report 163(26), Cordero seconded. Billionaire testified in support and Iwasa gave general comment (M-274(26)).
- 2026-10-20 - 2026-10-20 - Budget: Takara (Budget and Fiscal Services) had no objections to the CD1. Reported out for passage on third reading.
- 2026-10-22 - Page created from a posted agenda; no meeting transcript processed yet.