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HI HB1604

Bill

Official Source

Status

Engrossed

3/10/2009

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Establishes a tax on the value of improvements surrendered by a lessee to a lessor without compensation when a long-term lease on non-residential real property expires.

  • Applies to improvements that revert to the lessor at the end of the lease term with no payment to the lessee.

  • Alexander & Baldwin, Inc. opposed the measure; Tax Foundation of Hawaii, Kamehameha Schools, and Hawaii Association of REALTORS provided comments.

  • Committee on Finance recommended passage of the bill.

Legislative Description

Taxation; Leasehold Improvements

Last Action

Carried over to 2010 Regular Session.

5/11/2009

Committee Referrals

Consumer Protection & Commerce3/12/2009
Finance2/18/2009
Water, Land, & Ocean Resources1/30/2009

Full Bill Text

No bill text available