Honolulu city council to vote on new $1M tax class - Hawaii News Now - KGMB and KHNL

Honolulu city council to vote on new $1M tax class

HONOLULU (AP) - The Honolulu City Council is planning to vote on whether to establish a new tax class for homeowners with properties worth $1 million or more.

The Honolulu Star-Advertiser reported Wednesday that the new class would allow the city to tax the parcels at higher rates.

Council Budget Chairwoman Ann Kobayashi says the $1 million threshold likely removes concerns about landlords passing on higher taxes to tenants because the tenants more likely live in cheaper properties.

Mayor Kirk Caldwell has said he supports the bill.

The president of the Tax Foundation of Hawaii gave written testimony questioning whether it's fair to tax more expensive properties at higher rates when demand for city services will be the same.

Lowell Kalapa says the bill could discourage developers from building homes that expensive.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Hawaii News Now headlinesNewsMore>>

  • Collins' opposition all but kills GOP health care drive

    Collins' opposition all but kills GOP health care drive

    Monday, September 25 2017 4:27 AM EDT2017-09-25 08:27:28 GMT
    Monday, September 25 2017 10:09 PM EDT2017-09-26 02:09:35 GMT

    GOP senators' opposition to their party's drive to scrap President Barack Obama's Affordable Care Act swelled to lethal numbers Sunday. 

    More >>

    GOP senators' opposition to their party's drive to scrap President Barack Obama's Affordable Care Act swelled to lethal numbers Sunday. 

    More >>
  • Trump revels in drama over spat with NFL

    Trump revels in drama over spat with NFL

    Monday, September 25 2017 5:17 AM EDT2017-09-25 09:17:32 GMT
    Monday, September 25 2017 10:09 PM EDT2017-09-26 02:09:22 GMT
    President Donald Trump's attacks on activist athletes kicked off his favorite kind of drama _ personal, aggressive, culturally volatile and largely of his own making.More >>
    President Donald Trump's attacks on activist athletes kicked off his favorite kind of drama _ personal, aggressive, culturally volatile and largely of his own making.More >>
  • North Korean diplomat says tweet by Trump 'declared war'

    North Korean diplomat says tweet by Trump 'declared war'

    Monday, September 25 2017 11:37 AM EDT2017-09-25 15:37:54 GMT
    Monday, September 25 2017 10:08 PM EDT2017-09-26 02:08:51 GMT

    North Korea's foreign minister says Trump's tweet was a declaration of war against his country.

    More >>

    North Korea's foreign minister says Trump's tweet was a declaration of war against his country.

    More >>
Powered by Frankly