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HI HB1953

Bill

Official Source

Status

Introduced

1/20/2010

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Impose a 1 percent general excise tax on gross proceeds from the sale of certain real property, less specified deductions
  • Use tax revenue to fund infrastructure projects that accommodate land development and population growth from land use plans and policies
  • Department of Taxation, Hawaii Association of REALTORS, and Land Use Research Foundation of Hawaii opposed the bill
  • Tax Foundation of Hawaii provided comments on the proposal
  • Committee on Water, Land, & Ocean Resources recommends passage and referral to the Committee on Finance

Legislative Description

Real Property Sales; General Excise Tax

Last Action

(H) Passed Second Reading and referred to the committee(s) on FIN with Representative(s) Chang, Ching, Finnegan, Marumoto, Pine, Souki, Thielen, Ward voting no (8) and Representative(s) M. Lee, McKelvey excused (2).

2/5/2010

Committee Referrals

Finance2/5/2010
Water, Land, & Ocean Resources1/20/2010

Full Bill Text

No bill text available