Skip to main content
Independent and nonpartisan. SaveYourState is a civic information resource. It is not a government website and is not affiliated with any government agency, party, or campaign.

Hawaii · 2025 Regular Session · Bill

SB 374: RELATING TO TAX INCREMENT BONDS.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 374 is a bill introduced in the Hawaii Senate on January 14, 2025. According to its official title, it concerns: RELATING TO TAX INCREMENT BONDS. Primary sponsor: Angus McKelvey (Democratic), Kurt Fevella (Republican), KIDANI. It lists 2 additional sponsors. Most recent recorded action (January 21, 2025): Referred to EIG, WAM.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Requires counties to commission a comprehensive economic impact analysis before issuing tax increment bonds and make the analysis publicly available. Requires counties issuing tax increment bonds to conduct publicly available biennial independent audits and report to the Legislature. Requires counties issuing tax increment bonds to establish a review board to oversee tax increment bond projects. Restricts the amount of total outstanding tax increment bonds that may be excluded from the calculation of a county's debt limits from exceeding twenty per cent. Conforms county debt limit statements law to exclude tax increment bonds from the debt limit of the counties if a constitutional amendment authorizing the use of tax increment bonds and excluding tax increment bonds from determinations of the counties' funded debt is ratified.

Sponsors

Sponsors by party (alphabetical): Democratic 3 · Republican 1

NameRolePartyChamberDistrict
Angus McKelveyPrimary sponsorDemocraticSenate6
Kurt FevellaPrimary sponsorRepublicanSenate20
KIDANIPrimary sponsorNot applicable (committee)——
Carol FukunagaCo-sponsorDemocraticSenate11
Troy HashimotoCo-sponsorDemocraticSenate5

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Referred to EIG, WAM.
  2. Introduced and passed First Reading.
  3. Pending Introduction.

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source