Hawaii may allow the Legislature to establish a property tax surcharge on investment real property. The Legislature passed a proposed constitutional amendment to allow such a surcharge.
Voters to Decide
Hawaii voters will decide whether to amend the constitution to allow the surcharge at a general election. Hawaii will hold a general election on November 6, 2018.
If approved by voters, the constitutional amendment will become effective on election day.
S.B. 2922, Laws 2018, effective as noted