City Council defers vote on Vacant Homes Tax
Dec 12, 2024
HONOLULU (KHON2) -- Honolulu City Council members worked late into the night as they aimed to make decisions on several key proposals during their final meeting of the year.
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Among the items on the agenda, the council deferred a decision on Bill 46, which proposes a "Vacant Homes Tax."
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The measure would introduce a higher property tax classification for residential properties that are either vacant or unlikely to be long-term residences.
The goal of the proposal is to help address the city's ongoing affordable housing crisis.
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However, the council decided to delay the vote to allow for further review of a study on the issue, assess its potential impact, and evaluate the implementation plan.