Bills

SB 2451: DEPARTMENT OF BUDGET AND FINANCE; DEPARTMENT OF TAXATION; HOME MORTGAGE INTEREST DEDUCTION; INCOME TAX; REPORTS

  • Session Year: 2025-2026
  • House: Senate
  • Latest Version Date: 2026-02-18

Current Status:

In Progress

(2026-02-19: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Eliminates the home mortgage interest deduction for second homes not used as a primary residence under Hawaii income tax law.  Requires reports to the Legislature.  Effective 7/1/2050.  (SD1)

Discussed in Hearing

Senate Standing Committee on Health and Human Services1MIN
Feb 10, 2026

Senate Standing Committee on Health and Human Services

Senate Standing Committee on Housing1MIN
Feb 10, 2026

Senate Standing Committee on Housing

Senate Standing Committee on Housing8MIN
Feb 5, 2026

Senate Standing Committee on Housing

Senate Standing Committee on Energy and Intergovernmental Affairs8MIN
Feb 5, 2026

Senate Standing Committee on Energy and Intergovernmental Affairs

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News Coverage:

SB 2451: Department of Budget and Finance; Department of Taxation; Home Mortgage Interest Deduction; Income Tax; Reports | Digital Democracy