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. Establishes the Transit-Oriented Development Infrastructure Subaccount within the Dwelling Unit Revolving Fund. Allocates a portion of conveyance tax collections to the Transit-Oriented Development Infrastructure Subaccount and Hawaiian Home Lands Infrastructure and Housing Special Fund. Establishes and appropriates funds out of the Hawaiian Home Lands Infrastructure and Housing Special Fund. Effective 7/1/3000. (HD2)

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
SB3028 HD2: 201H-191, 247-2, 247-7