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SR5 • 2026

URGING THE UNITED STATES CONGRESS TO PROVIDE OWNER-OCCUPANTS WITH COMPARABLY EQUIVALENT TAX DEDUCTIONS AFFORDED TO BUSINESS ENTITIES FOR EXPENSES RELATED TO PROPERTY OWNERSHIP.

URGING THE UNITED STATES CONGRESS TO PROVIDE OWNER-OCCUPANTS WITH COMPARABLY EQUIVALENT TAX DEDUCTIONS AFFORDED TO BUSINESS ENTITIES FOR EXPENSES RELATED TO PROPERTY OWNERSHIP.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
AWA, CHANG, DECORTE
Last action
2026-02-13
Official status
Referred to EIG/JDC.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

URGING THE UNITED STATES CONGRESS TO PROVIDE OWNER-OCCUPANTS WITH COMPARABLY EQUIVALENT TAX DEDUCTIONS AFFORDED TO BUSINESS ENTITIES FOR EXPENSES RELATED TO PROPERTY OWNERSHIP.

URGING THE UNITED STATES CONGRESS TO PROVIDE OWNER-OCCUPANTS WITH COMPARABLY EQUIVALENT TAX DEDUCTIONS AFFORDED TO BUSINESS ENTITIES FOR EXPENSES RELATED TO PROPERTY OWNERSHIP.

What This Bill Does

  • URGING THE UNITED STATES CONGRESS TO PROVIDE OWNER-OCCUPANTS WITH COMPARABLY EQUIVALENT TAX DEDUCTIONS AFFORDED TO BUSINESS ENTITIES FOR EXPENSES RELATED TO PROPERTY OWNERSHIP.
  • Tax Deductions; Equity; Homeowners

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-02-13 S

    Referred to EIG/JDC.

  2. 2026-01-28 S

    Offered.

Official Summary Text

URGING THE UNITED STATES CONGRESS TO PROVIDE OWNER-OCCUPANTS WITH COMPARABLY EQUIVALENT TAX DEDUCTIONS AFFORDED TO BUSINESS ENTITIES FOR EXPENSES RELATED TO PROPERTY OWNERSHIP.
Tax Deductions; Equity; Homeowners

Current Bill Text

Read the full stored bill text 
SR5

THE SENATE

S.R. NO.

5

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

SENATE RESOLUTION

URGING THE UNITED STATES CONGRESS TO provide
owner-occupants WITH COMPARABLY equivalent tax DEDUCTIONS afforded to business
entities FOR EXPENSES RELATED TO PROPERTY OWNERSHIP
.

����
WHEREAS,
under current federal tax law, business entities, such as real estate
investment trusts (�REITs�) are able to deduct a wide array of expenses related
to property ownership; and

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WHEREAS,
categories eligible for deduction include interest, depreciation, property
taxes, insurance, maintenance fees, utilities, and more; and

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WHEREAS, this
favorable treatment allows large real estate investors to enjoy massive tax
savings, though if this same property were owned by the average homeowner, they
would only be able to deduct a fraction of this amount; and

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WHEREAS,
Hawaii�s aspiring homeowners� number one barrier is cost, and with this
structural tax disadvantage, where they are only able to deduct mortgage
interest and receive no depreciation or business equivalent deductions, they
are subjected to yet another hurdle; now, therefore,

����
BE IT
RESOLVED by the Senate of the Thirty-third Legislature of the State of Hawaii,
Regular Session of 2026, that the United States Congress is urged to provide
owner-occupants with comparably equivalent tax deductions afforded to business
entities for expenses related to property ownership; and

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BE IT FURTHER
RESOLVED that certified copies of this Resolution be transmitted to leadership
of the United States Congress and the State of Hawaii�s delegation to the
United States Congress.

OFFERED BY:

_____________________________

Report Title:
�

Tax
Deductions; Equity; Homeowners