HI HB486 | 2017 | Regular Session
Note: Carry Foward to future HB486
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Engrossed on March 7 2017 - 50% progression, died in committee
Action: 2017-03-09 - Referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]
Status: Engrossed on March 7 2017 - 50% progression, died in committee
Action: 2017-03-09 - Referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]
Summary
Eliminates the mortgage interest deduction for second homes under the Hawaii Income Tax Law. Specifies that the revenue gain attributable to this measure be deposited into the Rental Housing Revolving Fund. Requires the Department of Budget and Finance, in consultation with the Department of Taxation, to submit reports on the administration of this measure to the Legislature prior to the 2018, 2019, 2020, 2021, and 2022 Regular Sessions. (HB486 HD2)
Title
Relating To The Mortgage Interest Deduction.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-09 | Senate | Referred to WAM. |
| 2017-03-09 | Senate | Passed First Reading. |
| 2017-03-09 | Senate | Received from House (Hse. Com. No. 265). |
| 2017-03-07 | House | Passed Third Reading as amended in HD 2 with none voting aye with reservations; Representative(s) Cachola, Matsumoto, Tupola, Ward voting no (4) and Representative(s) Ichiyama excused (1). Transmitted to Senate. |
| 2017-03-03 | House | Forty-eight (48) hours notice Tuesday, 03-07-17. |
| 2017-03-03 | House | Reported from FIN (Stand. Com. Rep. No. 1074) as amended in HD 2, recommending passage on Third Reading. |
| 2017-02-23 | House | The committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Luke, Cullen, Choy, DeCoite, Gates, Holt, Keohokalole, Kobayashi, LoPresti, Lowen, Nakamura, Quinlan, Yamashita; Ayes with reservations: none; 3 Noes: Representative(s) Cachola, Tupola, Ward; and 1 Excused: Representative(s) Tokioka. |
| 2017-02-21 | House | Bill scheduled to be heard by FIN on Thursday, 02-23-17 12:00PM in House conference room 308. |
| 2017-02-17 | House | Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2). |
| 2017-02-17 | House | Reported from HSG (Stand. Com. Rep. No. 479) as amended in HD 1, recommending passage on Second Reading and referral to FIN. |
| 2017-02-14 | House | The committees on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Brower, Nakamura, Aquino, Hashem, Quinlan, San Buenaventura; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) McDermott. |
| 2017-02-10 | House | Bill scheduled for decison-making on Tuesday, 02-14-17 10:00AM in House conference room 423. |
| 2017-02-09 | House | The committee(s) on HSG recommend(s) that the measure be deferred. |
| 2017-02-06 | House | Bill scheduled to be heard by HSG on Thursday, 02-09-17 9:00AM in House conference room 423. |
| 2017-01-23 | House | Referred to HSG, FIN, referral sheet 2 |
| 2017-01-23 | House | Pass First Reading |
| 2017-01-20 | House | Pending introduction. |
Same As/Similar To
HB486 (Carry Over) 2017-03-09 - Referred to WAM.
SB219 (Same As) 2017-01-31 - The committee on HOU deferred the measure.
SB219 (Same As) 2017-01-31 - The committee on HOU deferred the measure.
