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:
SECTION 1. Section 46-103, Hawaii Revised Statutes, is amended to read as follows:
"§46-103 Establishment of tax increment district. [Underlined: (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 [[Struck through: 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.
[Underlined: (b) The department of Hawaiian home lands may apply to a county for tax increment financing under subsection (a).]"[Underlined: ]
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 Statutory material to be repealed is bracketed and stricken.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.
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)
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