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Vote No on November 6, 2018 to the Constitutional Amendment

Friday, September 14, 2018 2:54 PM | Karin Shaw (Administrator)

In November, Hawai‘i will be voting on a proposed amendment to the constitution that will have far-reaching implications: 

“Shall the legislature be authorized to establish, as provided by law, a surcharge on investment real property to support public education?” 

WHAR supports public school education, but, we strongly oppose this ballot measure for essentially new taxes because:

  • Everyone’s cost of living will increase, including the cost of housing.
  • There is no guarantee the money from this tax will reach classrooms and students.
  • The counties’ constitutionally protected authority to tax real property will be jeopardized.
  • The entire ballot question is extremely vague; the legislature will define the parameters of the tax.
  • The tax is not limited to only $1 million or more residential investments by foreign investors, as proponents would have you believe.
Since the counties have the authority to tax property, this amendment will be an additional tax on real property. The burden will ultimately be on the consumer.
 
WHAR supports public education, but strongly opposes a new tax when there are existing laws in place to raise revenues for public education—an amendment to the constitution is not unnecessary and nearly impossible to reverse.

 

Vote NO on new taxes because Hawai`i’s cost of living is already too high.


 

To learn more or to contribute to assist in this effort, please visit

www.affordablehawaii.net


West Hawaii Association of REALTORS®
75-5995 Kuakini Hwy., #221, Kailua Kona, HI 96740
Phone (808) 329-4874 Fax (808) 329-5191





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