HB165 - Taxation; Public Housing Projects

• Requires the Hawaii Housing Finance and Development Corporation to maintain public records of all persons and businesses receiving general excise tax exemptions for qualified housing projects, including their names, addresses, project details, and exemption amounts.

• Mandates the corporation submit an annual report to the legislature no later than 20 days before each regular session beginning in 2011, documenting all tax exemptions claimed under Section 201H-36.

• Makes all exemption records public under state public records law, allowing the corporation to charge reasonable reproduction fees for requested documents.

• Applies to tax years beginning after December 31, 2009.

• Extends exemption requirements under Section 201H-36 to income and obligations of nonprofit public housing agencies under Section 201H-37.