New Hawaii bed-and-breakfast property tax category proposed

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Honolulu City Council has proposed a bill that would create a new property tax category for homeowners operating bed-and-breakfast establishments.

The Star-Advertiser reports that City Council approved the first-reading of the bill Wednesday and the Budget Committee could take up the bill this month.

City officials say the bill could be in effect by July 1 if passed.

Officials say tax rates for each category are determined by ordinance by the Council each June.

Officials say the new category could fall somewhere between the standard residential category currently $3.50 for every $1,000 of assessed value and the $13.90 hotel-resort category.

City officials expect to issue up to 1,700 new permits for hosted B&B operations starting October 2020 after the Council approved a new vacation rental ordinance in June.



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