HI SB3053 | 2024 | Regular Session

Hawaii Senate Bill 3053

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-02-08 - The committee on WTL deferred the measure.
Pending: Senate Water and Land Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Increases the conveyance tax rate for certain properties. Exempts conveyances of certain real property from the conveyance tax. Eliminates the cap on the amount of conveyance tax collections allocated to the land conservation fund and rental housing revolving fund. Allocates ten percent of conveyance tax collections to the Dwelling Unit Revolving Fund for the purpose of funding infrastructure programs in transit-oriented development areas.

Title

Relating To The Conveyance Tax.

History

Date	Chamber	Action
2024-02-08	Senate	The committee on WTL deferred the measure.
2024-02-08	Senate	The committee on HOU deferred the measure.
2024-02-01	Senate	The committee(s) on WTL/HOU deferred the measure until 02-08-24 1:00PM; CR 225.
2024-01-29	Senate	The committee(s) on WTL/HOU has scheduled a public hearing on 02-01-24 1:00PM; Conference Room 225 & Videoconference.
2024-01-26	Senate	Referred to WTL/HOU, WAM.
2024-01-24	Senate	Passed First Reading.
2024-01-24	Senate	Introduced.

Same As/Similar To

HB2364 (Same As) 2024-03-18 - The committee(s) on HOU/WTL deleted the measure from the public hearing scheduled on 03-19-24 1:00PM; CR 225 & Videoconference.

Subjects

Allocations
Conveyance Tax Rates and Exemptions
Dwelling Unit Revolving Fund
Land Conservation Fund
Rental Housing Revolving Fund

Hawaii State Sources

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3053&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB3053_.HTM