Hawaii Senate Bill 218 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 18 2013 - 25% progression, died in committee
Action: 2013-01-22 - Referred to CPN/JDL, WAM.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]

Requires notice of intended disposition of land subject to an expiring long-term residential ground lease; provides for extension of a long-term residential ground lease; provides for the conversion of owner-occupancy or long-term rental of units subject to an expired long-term residential ground lease to tenancy subject to the landlord-tenant code; provides an income tax credit for taxable years beginning after 12/31/2014 for rental income collected from property subject to an extension of thirty years or more of a long-term residential ground lease.

Ground Leases; Residential Real Property; Tax Credit

Sen. Les Ihara [D]

Date	Chamber	Action
2013-01-22	Senate	Referred to CPN/JDL, WAM.
2013-01-18	Senate	Passed First Reading.
2013-01-18	Senate	Introduced.

Type	Source
Summary	http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=218&year=2013
Text	http://www.capitol.hawaii.gov/session2013/Bills/SB218_.HTM