THE SENATE |
S.B. NO. |
2757 |
TWENTY-NINTH LEGISLATURE, 2018 |
S.D. 2 |
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STATE OF HAWAII |
H.D. 1 |
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A BILL FOR AN ACT
RELATING TO HOUSING.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 201H-36, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) In accordance with section 237-29, the corporation may approve and certify for exemption from general excise taxes any qualified person or firm involved with a newly constructed, or moderately or substantially rehabilitated project:
(1) Developed under this part;
(2) Developed under a government assistance program approved by the corporation, including but not limited to the United States Department of Agriculture 502 program and Federal Housing Administration 235 program;
(3) Developed under the sponsorship of a private nonprofit organization providing home rehabilitation or new homes for qualified families in need of decent, low-cost housing;
(4) Developed by a qualified person or firm to provide affordable rental housing where at least fifty per cent of the available units are for households with incomes at or below eighty per cent of the area median family income as determined by the United States Department of Housing and Urban Development, of which at least twenty per cent of the available units are for households with incomes at or below sixty per cent of the area median family income as determined by the United States Department of Housing and Urban Development; or
(5) [Effective from
July 1, 2018, to June 30, 2022, developed] Developed under a
contract described in section 104‑2(i)(2) by a qualified person
or firm to provide affordable rental housing[;] through new
construction or substantial rehabilitation, and approved or certified by the
corporation after July 1, 2018, but not after June 30, 2026; provided that[:
(A) The
allowable general excise tax and use tax costs shall apply to contracting only
and shall not exceed $7,000,000 per year in the aggregate for all projects
approved and certified by the corporation; and
(B) All] all available units are for
households with incomes at or below one hundred forty per cent of the area
median family income as determined by the United States Department of Housing
and Urban Development, of which at least twenty per cent of the available units
are for households with incomes at or below eighty per cent of the area median
family income as determined by the United States Department of Housing and
Urban Development[.]; provided further that an owner shall not refuse
to lease a dwelling unit in the project to a qualified applicant because the
applicant holds a voucher or certificate of eligibility under section 8 of the
United States Housing Act of 1937, as amended."
SECTION 2. Act 54, Session Laws of Hawaii 2017, is amended by amending section 5 to read as follows:
"SECTION 5. This Act shall take effect on July 1, 2017,
and shall [be repealed on June 30, 2022; provided that:
(1) Section] not
apply to projects certified or approved after June 30, 2026; provided that
section 3 of this Act shall apply to taxable years beginning after December
31, 2017[; and
(2) Section 104-2,
Hawaii Revised Statutes, and section 201H-36, Hawaii Revised Statutes, shall be
reenacted in the form in which they read on the day before the effective date
of this Act]."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2050.
Report Title:
Rental Housing Projects; General Excise Tax Exemption; Section 8 Housing Choice Vouchers
Description:
Extends the general excise tax exemption for certain affordable rental housing projects from June 30, 2022, to June 30, 2026. Removes the statutory cap for the exemption. Prohibits housing owners from refusing to lease a dwelling unit to a holder of a Section 8 Housing Choice Voucher Program voucher or certificate of eligibility. (SB2757 HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.