Study presented to Kilauea group flags $28 million state revenue loss and rental impacts from short-term rentals

Rick Cassiday presented findings on the economic and housing impacts of short‑term rentals, reporting an estimated $28 million in lost revenue to the state and discussing how tax liabilities shift among property owners, platforms and the state treasury.

Minutes summarize Cassiday’s concerns about the displacement of long‑term rental units by short‑term rentals and noted policy questions about where AirBnB operations are permitted and how enforcement and tax collection are handled. The presentation was informational; no formal KNA action was recorded, but the issue was raised as a community concern in the same discussion that referenced access and permit questions for local properties.