SB 3028: CONVEYANCE TAX; LAND CONSERVATION FUND; SPECIAL LAND AND DEVELOPMENT FUND; DWELLING UNIT REVOLVING FUND; INFRASTRUCTURE FUNDING; COUNTY-DESIGNATED TRANSIT-ORIENTED DEVELOPMENT

Restructures the conveyance tax to a marginal rate system and adjusts the tax for multifamily properties to reflect value on a per-unit basis.  Adjusts allocations of conveyance tax collections to the Land Conservation Fund, and Rental Housing Revolving Fund and adds the Special Land and Development Fund (to fund land acquisition for the Hawaii Statewide Trail and Access Program), and the Dwelling Unit Revolving Fund (to fund infrastructure programs in county-designated transit-oriented development areas).  Takes effect 1/1/2027.