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HI HCR191
Concurrent Resolution
Status
3/8/2010
Primary Sponsor
John Mizuno
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AI Summary
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Urges the Hawaii Housing Finance and Development Corporation (HHFDC) to adopt policies providing full disclosure of tax exemptions it certifies for affordable housing construction.
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Requires HHFDC to review each claim for general excise tax exemptions under HRS sections 201H-36, 201H-37, and 237-29(a) before initial or renewal certification.
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Mandates HHFDC maintain records of all persons and businesses receiving tax exemptions, including their names, addresses, housing project details, approval criteria, and exemption amounts claimed.
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Requires HHFDC to maintain annual and cumulative records of all tax exemptions claimed and make these records available as public records upon request.
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Directs HHFDC to submit annual exemption records to the Legislature at least 20 days before each Regular Session beginning in 2011.
Legislative Description
Hawaii Housing Finance and Development Corporation; Tax Exemptions
Last Action
(H) The committee(s) recommends that the measure be deferred.
3/17/2010