# Hawaii HB 1261: RELATING TO TAXATION.

Hawaii HB 1261, RELATING TO TAXATION., is a 2025–2026 Regular Session (Year 1) House bill sponsored by Ikaika Hussey (Democratic); status in committee, last action 2025-01-27 (Referred to ECD, CPC, FIN, referral sheet 4) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/HI-HB1261-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii HB 1261
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 1)
- Title: RELATING TO TAXATION.
- Status: in committee
- Chamber: House
- Introduced: 2025-01-22
- Last action: 2025-01-27, Referred to ECD, CPC, FIN, referral sheet 4
- Sponsor: Ikaika Hussey (Democratic)
- Cosponsors: 3
- Subjects: Below-market Rent Tax Credit, Above-market Rent Tax, Department of Taxation, Hawaii Housing Finance and Development Corporation, ECD, CPC, FIN
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Establishes a tax credit for landlords who charge below-market rent and assesses an additional privilege tax on landowners who charge above-market rent, under certain conditions. Requires the Hawaii Housing Finance and Development Corporation to determine median market rent for rental units by geographic area for the purposes of the below-market rent tax credit and above-market rent tax.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Ikaika Hussey (Democratic), House
- Cosponsor: Tina Nakada Grandinetti (Democratic), House
- Cosponsor: LAMOSAO
- Cosponsor: Amy A. Perruso (Democratic), House

## Actions (3)

- 2025-01-27: Referred to ECD, CPC, FIN, referral sheet 4 (House)
- 2025-01-23: Introduced and Pass First Reading. (House)
- 2025-01-22: Pending introduction. (House)

## Bill text

- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1261_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1261_.pdf)

## Related bills

- SB 572: RELATING TO HOUSING. (signed)
- HB 431: RELATING TO HOUSING. (signed)
- HB 420: RELATING TO REMEDIES. (signed)
- SB 1296: RELATING TO DISASTER RECOVERY. (signed)
- HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS. (signed)
- HB 1064: RELATING TO FIRE PROTECTION. (signed)

## Sources
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1261_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB1261_.pdf)

## Related
- [SB 572: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB572-2025)
- [HB 431: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-HB431-2025)
- [HB 420: RELATING TO REMEDIES.](https://policyrisk.com/state-bill/HI-HB420-2025)
- [SB 1296: RELATING TO DISASTER RECOVERY.](https://policyrisk.com/state-bill/HI-SB1296-2025)
- [HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS.](https://policyrisk.com/state-bill/HI-HB830-2025)
- [HB 1064: RELATING TO FIRE PROTECTION.](https://policyrisk.com/state-bill/HI-HB1064-2025)
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- [Hawaii state hub](https://policyrisk.com/states/hawaii)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/HI-HB1261-2025 (as of 2026-10-17).