Restructures the conveyance tax to a marginal rate system for the sale of properties with residential use, adjusts the tax for multifamily properties to reflect value on a per-unit basis, and applies a cost-of-living adjustment to conveyance tax rates. Allocates a portion of conveyance tax collections to the Dwelling Unit Revolving Fund, Hawaiian Home Lands Infrastructure and Housing Special Fund, and Special Land and Development Fund. Establishes and appropriates funds out of the Hawaiian Home Lands Infrastructure and Housing Special Fund. Effective 7/1/3000. (HD1)

Statutes affected:
SB3028: 171-19, 198D-2, 201H-191, 247-2, 247-7
SB3028 HD1: 171-19, 198D-2, 201H-191, 247-2, 247-7
SB3028 SD1: 171-19, 198D-2, 201H-191, 247-2, 247-7
SB3028 SD2: 171-19, 198D-2, 201H-191, 247-2