HI HB1121 | 2023 | Regular Session
Note: Carry Foward to future HB1121
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Engrossed on March 3 2023 - 50% progression, died in committee
Action: 2023-03-09 - Referred to CPN, WAM.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Amended) [HTML]
Status: Engrossed on March 3 2023 - 50% progression, died in committee
Action: 2023-03-09 - Referred to CPN, WAM.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Amended) [HTML]
Summary
Excludes from taxation one hundred per cent of the gain realized by a fee simple owner from the sale of a leased fee interest in units within a condominium project, cooperative project, or planned unit development to the association of apartment owners or the residential cooperative housing corporation of the leasehold units. Applies to taxable years beginning after 12/31/2022 and does not apply to taxable years beginning after 12/31/2029. Effective 7/1/3000. (HD1)
Title
Relating To Leasehold Conversion.
Sponsors
| Rep. Adrian Tam [D] | Rep. Terez Amato [D] | Rep. Della au Belatti [D] | Rep. Ernesto Ganaden [D] |
| Rep. Lisa Marten [D] | Rep. John Mizuno [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-03-09 | Senate | Referred to CPN, WAM. |
| 2023-03-07 | Senate | Passed First Reading. |
| 2023-03-07 | Senate | Received from House (Hse. Com. No. 204). |
| 2023-03-03 | House | Passed Third Reading with Representative(s) Cochran voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Alcos, Matayoshi excused (2). Transmitted to Senate. |
| 2023-03-03 | House | Reported from FIN (Stand. Com. Rep. No. 976), recommending passage on Third Reading. |
| 2023-02-24 | House | The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos, Ward; Ayes with reservations: Representative(s) Cochran; Noes: none; and 1 Excused: Representative(s) Garrett. |
| 2023-02-22 | House | Bill scheduled to be heard by FIN on Friday, 02-24-23 10:00AM in House conference room 308 VIA VIDEOCONFERENCE. |
| 2023-02-17 | House | Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Marten excused (1). |
| 2023-02-17 | House | Reported from CPC (Stand. Com. Rep. No. 755), recommending referral to FIN. |
| 2023-02-16 | House | The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 11 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Gates, Lowen, Onishi, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none. |
| 2023-02-13 | House | Bill scheduled to be heard by CPC on Thursday, 02-16-23 2:00PM in House conference room 329 VIA VIDEOCONFERENCE. |
| 2023-02-09 | House | Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Kila, Lamosao excused (2). |
| 2023-02-09 | House | Reported from HSG (Stand. Com. Rep. No. 215) as amended in HD 1, recommending passage on Second Reading and referral to CPC. |
| 2023-02-08 | House | The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Hashimoto, Aiu, Kila, Kitagawa, Marten, Onishi, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Todd. |
| 2023-02-03 | House | Bill scheduled to be heard by HSG on Wednesday, 02-08-23 9:30AM in House conference room 312 VIA VIDEOCONFERENCE. |
| 2023-01-30 | House | Referred to HSG, CPC, FIN, referral sheet 3 |
| 2023-01-25 | House | Introduced and Pass First Reading. |
| 2023-01-24 | House | Pending introduction. |
Same As/Similar To
HB1121 (Carry Over) 2023-03-09 - Referred to CPN, WAM.
SB884 (Same As) 2023-03-09 - Referred to HSG, CPC, FIN, referral sheet 17
SB884 (Same As) 2023-03-09 - Referred to HSG, CPC, FIN, referral sheet 17
Subjects
Capital Gains
Condominiums
Cooperative Projects
Exemption
Income Tax
Leased Fee Interest Sale
Planned Community Associations
Condominiums
Cooperative Projects
Exemption
Income Tax
Leased Fee Interest Sale
Planned Community Associations
