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Oahu homes sit empty as city council debates new tax proposal

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Honolulu is facing a housing shortage, and the city council is considering a tax on empty homes to address the issue.
The article from KITV discusses the issue of vacant homes on Oahu, Hawaii, amid a housing crisis, and the Honolulu City Council's consideration of a new tax proposal aimed at addressing this problem. The proposed bill, Bill 40, would impose a tax on owners of vacant homes to encourage them to rent out their properties, thereby increasing the availability of housing. The tax would be based on the assessed value of the property, with exemptions for certain situations such as homes undergoing renovations or those owned by military personnel on deployment. The article highlights the debate surrounding the bill, with supporters arguing that it could help alleviate the housing shortage, while critics express concerns about the potential burden on property owners and the effectiveness of the tax in solving the broader housing crisis.

Read the Full KITV Article at:
[ https://www.kitv.com/news/oahu-homes-sit-empty-as-city-council-debates-new-tax-proposal/article_73437594-69d4-46d2-9964-d8cac578a9d1.html ]