HI HB286 | 2023 | Regular Session

Note: Carry Foward to future HB286

Status

Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 20 2023 - 25% progression, died in committee
Action: 2023-01-25 - Referred to WAL, FIN, referral sheet 1
Pending: House Water & Land Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Increases the rate of conveyance tax for condominiums and single family residences ineligible for a county homeowner's exemption with a value of at least $2,000,000. Exempts from the conveyance tax documents and instruments conveying real property subject to a government assistance program approved and certified by the Hawaii housing finance and development corporation and used for the provision of affordable housing for qualified persons in the State. Removes maximum dollar amount of conveyance tax revenues that are to be paid into the rental housing revolving fund each fiscal year. Effective 1/1/2024.

Tracking Information

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Title

Relating To The Conveyance Tax.

Sponsors


History

DateChamberAction
2023-01-25HouseReferred to WAL, FIN, referral sheet 1
2023-01-20HouseIntroduced and Pass First Reading.
2023-01-19HousePending introduction.

Same As/Similar To

HB286 (Carry Over) 2023-01-25 - Referred to WAL, FIN, referral sheet 1
SB362 (Same As) 2023-03-24 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Tam voting aye with reservations; Representative(s) Alcos, Garcia, Pierick, Ward voting no (4) and Representative(s) Ilagan excused (1).

Subjects


Hawaii State Sources


Bill Comments

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