Hawaii legislation · 2026 Regular Session
Hawaii HB286: Relating to the Individual Housing Account Program.
Status: Failed, April 2, 2026
Updates the Individual Housing Account statute to reflect the current cost of housing down-payments more accurately.
What the bill says
A bill foran act relating to the individual housing account program.
From the engrossed text:
A BILL FORAN ACT RELATING TO THE INDIVIDUAL HOUSING ACCOUNT PROGRAM. SECTION 1. The legislature finds that the affordable housing crisis continues to be one of the State's most significant and challenging social problems and is a critical issue for many Hawaii residents. As the cost of housing continues to rise, the State must assist residents in finding methods of increasing the availability of homeownership. Saving for a down-payment on a home loan continues to be a barrier for many Hawaii residents with few programs available to assist in this endeavor. Contributions to the first-time home buyer savings account will reduce taxable income. This incentivizes first time home ownership through saving for a down payment and closing costs. Accordingly, the purpose of this Act is to increase the maximum annual deduction for contributions into, and maximum account levels for, individual housing accounts, to reflect current housing prices more accurately. 2025-2242 HB286 SDl SMA.docx miiiiiiiiiiiiEiiiiiiiiiiiiiiiiii Page H.B. NO. SECTION 2. Section 235-5.5, Hawaii Revised Statutes, is amended as follows: 1. By amending subsections (a) and (b) to read: "(a) There shall be allowed as a deduction from gross income the amount, not to exceed [$5,000, ] $paid in cash during the taxable year by an individual taxpayer to an individual housing account established for the individual's benefit to provide funding for …
Sponsors
- Lauren Matsumoto (R, 38) · primary sponsor
- David Alcos (R, 41)
- Diamond Garcia (R, 42)
- Christopher Muraoka (R, 45)
- Elijah Pierick (R, 39)
- Julie Reyes Oda (R, 40)
- Garner Shimizu (R, 32)
- Gene Ward (R)
Latest actions
- : Received notice of the discharge of all House Conferees (Hse. Com. No. 457).
- : House Conferee(s) discharged.
- : Received notice of all Senate conferees being discharged (Sen. Com. No. 409).
- : Senate Conferee(s) discharged.
- : Carried over to 2026 Regular Session.
- : Conference committee meeting to reconvene on 04-25-25 4:30 PM; Conference Room 225.
- : Conference committee meeting to reconvene on 04-25-25 3:30 PM; Conference Room 016.
- : Bill scheduled for Conference Committee Meeting on Friday, 04-25-25 10:15AM in conference room 224.
- : Received notice of Senate conferees (Sen. Com. No. 850).
- : Senate Conferees Appointed: Chang Chair; Hashimoto Co-Chair; Fevella.
Votes
- Report adopted; Passed Third Reading (April 8, 2025): 25 yea, 0 nay, passed
- WAM: recommend(s) that the measure be PASSED, UNAMENDED (April 2, 2025): 13 yea, 0 nay, passed
- HOU: recommend(s) that the measure be PASSED, WITH AMENDMENTS (March 13, 2025): 4 yea, 0 nay, passed
- Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Pierick, Ward excused (2) (March 4, 2025): 49 yea, 0 nay, passed
- FIN: recommend that the measure be PASSED, WITH AMENDMENTS (February 25, 2025): 14 yea, 0 nay, passed
- Second Reading as amended in HD 1 and referred to the committee(s) on ECD with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Kong, Ward excused (3) (February 4, 2025): 48 yea, 0 nay, passed
Subjects: Report, Housing, Insurance, The Individual Housing Account Program
Common questions
- What is HB286?
- HB286 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to the Individual Housing Account Program.
- What does HB286 do?
- In its own words: A bill foran act relating to the individual housing account program.
- What is the status of HB286?
- Failed as of April 2, 2026. Latest action: Received notice of the discharge of all House Conferees (Hse. Com. No. 457). (April 2, 2026).
- Who sponsored HB286?
- Lauren Matsumoto (R, 38), with 7 co-sponsors.
- Where is the official record for HB286?
- On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=286&year=2026
Source: official Hawaii record. Tracked by Delilah, AI for legislation across all 50 states and Congress.