HI HB1121 | 2024 | Regular Session

Note: Carry Over of previous HB1121

Status

Spectrum: Partisan Bill (Democrat 6-0)
Status: Engrossed on March 3 2023 - 50% progression, died in committee
Action: 2023-12-11 - Carried over to 2024 Regular Session.
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)

Tracking Information

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Title

Relating To Leasehold Conversion.

Sponsors


History

DateChamberAction
2023-12-11 Carried over to 2024 Regular Session.
2023-03-09SenateReferred to CPN, WAM.
2023-03-07SenatePassed First Reading.
2023-03-07SenateReceived from House (Hse. Com. No. 204).
2023-03-03HousePassed 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.
2023-03-03HouseReported from FIN (Stand. Com. Rep. No. 976), recommending passage on Third Reading.
2023-02-24HouseThe 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.
2023-02-22HouseBill scheduled to be heard by FIN on Friday, 02-24-23 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
2023-02-17HouseReport 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).
2023-02-17HouseReported from CPC (Stand. Com. Rep. No. 755), recommending referral to FIN.
2023-02-16HouseThe 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.
2023-02-13HouseBill scheduled to be heard by CPC on Thursday, 02-16-23 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
2023-02-09HousePassed 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).
2023-02-09HouseReported from HSG (Stand. Com. Rep. No. 215) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
2023-02-08HouseThe 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.
2023-02-03HouseBill scheduled to be heard by HSG on Wednesday, 02-08-23 9:30AM in House conference room 312 VIA VIDEOCONFERENCE.
2023-01-30HouseReferred to HSG, CPC, FIN, referral sheet 3
2023-01-25HouseIntroduced and Pass First Reading.
2023-01-24HousePending introduction.

Same As/Similar To

HB1121 (Carry Over) 2023-03-09 - Referred to CPN, WAM.
SB884 (Same As) 2023-12-11 - Carried over to 2024 Regular Session.

Subjects


Hawaii State Sources


Bill Comments

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