Bill Text: HI HB2070 | 2020 | Regular Session | Amended
Bill Title: Relating To Land.
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: (Introduced - Dead) 2020-02-12 - 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) McDermott excused (1). [HB2070 Detail]
Download: Hawaii-2020-HB2070-Amended.html
|
HOUSE OF REPRESENTATIVES |
H.B. NO. |
2070 |
|
THIRTIETH LEGISLATURE, 2020 |
H.D. 1 |
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO LAND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 46, Hawaii Revised Statutes, is amended by adding a new section to part IV to be appropriately designated and to read as follows:
"§46- Receipt of donation of damaged lands. Each
county shall develop procedures for the acceptance of private donations of land
that has been damaged or is likely to sustain damage due to natural disasters
or climate change."
SECTION 2. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to part I to be appropriately designated and to read as follows:
"§235- Donation of damaged lands; tax
deduction. (a) There shall be allowed as a charitable
deduction from gross income the amount that represents the appraised value of
land, assessed at the time of the donation, that an individual taxpayer donates
to a county; provided that the land has sustained or is likely to sustain
damage due to natural disaster or climate change.
(b) The director of taxation shall prepare forms as may be necessary to claim a tax deduction under this section, may require proof of the claim for the tax deduction, and may adopt rules pursuant to chapter 91."
SECTION 3 New statutory material is underscored.
SECTION 4. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2020.
Report Title:
Land; Donations; Tax Deductions
Description:
Requires counties to develop procedures to accept private donations of land that is damaged or likely to be damaged by natural disasters or climate change. Authorizes taxpayers to receive a charitable income tax deduction for the donations. Applies to taxable years beginning after 12/31/2020. (HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
