Hawaii Legislators Introduce State Historic Tax Credit Bill

Thursday, January 24, 2019 - 10:45am

Legislation was introduced in Hawaii today by five state senators to create a state historic tax credit worth 25 percent of qualified rehabilitation expenses, with a 30 percent credit for properties that include a minimum amount of affordable housing. SB 1394 would include the 30 percent credit if 20 percent of housing units are affordable rental units or 10 percent are affordable homeownership units. The credit would begin in 2020.