Hawaii SB2552: Relating to the Individual Housing Account Program.

What the bill says

A bill foran act relating to the individual housing account program.

From the enrolled 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. The legislature further finds that 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. 2026-2350 SB2552 GDI SMA-l.docx Page 2 S.B. NO. E C.D. 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 $20, 000, paid in cash during the taxable year by an individual taxpayer to an individual housing account established …

Read the full official text

Sponsors

• Troy Hashimoto (D, 5) · primary sponsor
• Stanley Chang (D, 9)
• Kurt Fevella (R, 20)
• Michelle Kidani (D, 18)
• Lorraine Inouye (D, 1)

Latest actions

1. July 9, 2026: Act 217, on 07/08/2026 (Gov. Msg. No. 1319).
2. July 9, 2026: Act 217, 07/08/2026 (Gov. Msg. No. 1319).
3. May 8, 2026: Enrolled to Governor.
4. May 8, 2026: Received notice of passage on Final Reading in House (Hse. Com. No. 888).
5. May 6, 2026: Received notice of Final Reading (Sen. Com. No. 816).
6. May 6, 2026: Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
7. May 6, 2026: Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
8. May 1, 2026: Forty-eight (48) hours notice Wednesday, 05-06-26.
9. May 1, 2026: Reported from Conference Committee (Conf Com. Rep. No. 111-26) as amended in (CD 1).
10. May 1, 2026: 48 Hrs. Notice (as amended CD 1) 05-06-26.

Votes

• Passed Final Reading, as amended (CD 1) (May 6, 2026): 25 yea, 0 nay, passed
• Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0) (May 6, 2026): 51 yea, 0 nay, passed
• none. (April 30, 2026): 3 yea, 0 nay, passed
• Conference Committee Vote (April 30, 2026): 2 yea, 0 nay, passed
• Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1) (April 9, 2026): 50 yea, 0 nay, passed
• FIN: recommend that the measure be PASSED, UNAMENDED (April 7, 2026): 16 yea, 0 nay, passed

Common questions

What is SB2552?

SB2552 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to the Individual Housing Account Program.

What does SB2552 do?

In its own words: A bill foran act relating to the individual housing account program.

What is the status of SB2552?

Signed into law as of July 9, 2026. Latest action: Act 217, on 07/08/2026 (Gov. Msg. No. 1319). (July 9, 2026).

Who sponsored SB2552?

Troy Hashimoto (D, 5), with 4 co-sponsors.

Where is the official record for SB2552?

On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2552&year=2026