New Implementation Procedures of Conveyance Tax
Governor Lingle Has Signed HB 1308
June 30, 2005

The Department of Taxation and the Bureau of Conveyance have approved changes to the Conveyance Tax Certification document (Form P-64A) pursuant to House Bill 1308, Act 156, which imposes a higher conveyance tax rate. We have provided for you a copy of the form and the instructions below. You may also download the form from the Department of Taxation website at http://www.state.hi.us/tax/. 

Click Here for the Conveyance Tax Certificate (Form P-64A) >>

Click Here for the Conveyance Tax Certificate Instructions >>

Facts:

1. Printing Form P-64A on white paper is acceptable, although they prefer to have them on yellow paper. 

2. At minimum, the buyer's (purchaser's) signature is required on the document. An agent must have a power of attorney if signing for a buyer or seller. 

2. The higher tier conveyance tax rate (see below) will ONLY apply to condominium and single family residence for which the purchaser is INELIGIBLE for a county homeowner’s exemption. If the purchaser is eligible for a county homeowner’s exemption on a condominium or single family residence, use the lower tier conveyance tax rate. Commercial, timeshare, agricultural, industrial, etc. will be taxed on the lower tier. 

3. Grace Period

a. Documents dated and signed prior to July 1, 2005 will be assessed at the current rate up to July 31. 

b. Any property transfer dated and signed on and after July 1, 2005 will be assessed the new conveyance tax subject to the new rates and new form. 

Conveyance Tax Rates - 2 Tier

LOWER TIER: For all transfers or conveyance of realty or any interest (i.e. commercial, timeshare, agricultural, industrial, etc, and condominium or single family residence for which the purchaser is eligible for a county homeowner’s exemption):

$1.00 to $599,999.99 – 10¢ per $100, rounded to nearest 10¢
$600,000 to $999,999.99 – 20¢ per $100, rounded to nearest 10¢
$1,000,000 and above – 30¢ per $100, rounded to nearest 10¢

HIGHER TIER: Only for the sale of a condominium or single family residence for which the purchaser is ineligible for a county homeowner’s exemption:

$1.00 to $599,999.99 – 15¢ per $100, rounded to nearest 10¢
$600,000 to $999,999.99 – 25¢ per $100, rounded to nearest 10¢
$1,000,000 and above – 35¢ per $100, rounded to nearest 10¢