URGING THE UNITED STATES CONGRESS TO PROVIDE OWNER-OCCUPANTS WITH COMPARABLY EQUIVALENT TAX DEDUCTIONS AFFORDED TO BUSINESS ENTITIES FOR EXPENSES RELATED TO PROPERTY OWNERSHIP.

Summary

The resolution asks the U.S. Congress to let owner‑occupants deduct expenses such as depreciation, insurance and maintenance—deductions currently available only to business entities. It targets Hawaii homeowners who currently can only deduct mortgage interest, aiming to reduce their housing cost burden. The measure is a formal request, not a law, and is still in committee.

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