HRS §49-14
County projects and loans are tax-free
Read the official text at capitol.hawaii.gov ↗While a county owns a project or runs a loan program, that property and its income are free from state, county, and city taxes. But property used as loan security is not county property. Revenue bonds from this chapter and their income are also tax-free, except for inheritance, transfer, and estate taxes.
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The statute, as written — Undertaking, loan program, and revenue bonds exempt from taxation
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
So long as the county owns any undertaking or administers a loan program, the property and revenue of the undertaking or loan program shall be exempt from all state, county, and municipal taxation; provided that any interest in property provided or given as security for a loan made under a loan program shall not be or be deemed to be property of the county for purposes of this section. Revenue bonds issued pursuant to this chapter and the income therefrom shall be exempt from all taxation by the State or any county or other political subdivision thereof, except inheritance, transfer, and estate taxes.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.