Here is the full copy of a new Maui bill that was passed on March 27th 2018 and that will go into effect 6 months from its approval (September 27th, 2018). Under this new law, the dwelling unit shall be owned by the applicant of an Short Term Vacation Rental permit for at least five years prior to the date of application.
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RE: 1M building value requirement--> This was a proposed amendment only and it has not been approved. As of now ALL properties are subject to the Five-Year ownership durational requirement.
RE: Pending permit applications for applicants who have not owned their…