HI SB142 | 2024 | Regular Session
Note: Carry Over of previous SB142
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 18 2023 - 25% progression
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 18 2023 - 25% progression
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Eliminates the mortgage interest deduction for second homes under Hawaii income tax law. Requires the Department of Taxation to calculate the savings and report the revenue gained to the Director of Finance by September 1 of each year.
Title
Relating To The Mortgage Interest Deduction.
Sponsors
| Sen. Stanley Chang [D] | Sen. Henry Aquino [D] | Sen. Angus McKelvey [D] | Sen. Karl Rhoads [D] |
| Sen. Michelle Kidani [D] | Sen. Glenn Wakai [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-12-11 | Carried over to 2024 Regular Session. | |
| 2023-02-27 | Senate | The committee on WAM deferred the measure. |
| 2023-02-23 | Senate | The committee(s) on WAM has scheduled a public hearing on 02-27-23 10:35AM; Conference Room 211 & Videoconference. |
| 2023-01-20 | Senate | Referred to WAM. |
| 2023-01-18 | Senate | Introduced and passed First Reading. |
| 2023-01-17 | Senate | Pending Introduction. |
Same As/Similar To
SB142 (Carry Over) 2023-02-27 - The committee on WAM deferred the measure.
Subjects
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=142&year=2024 |
| Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB142_.HTM |
