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HI HB1014

Bill

Official Source

Status

Introduced

1/26/2011

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Repeals the conveyance tax exemption for nonprofit and for-profit organizations certified by the Hawaii housing finance and development corporation for low-income housing development
  • Removes exemption paragraph (17) from Hawaii Revised Statutes section 247-3, which previously exempted real property conveyances to certified low-income housing organizations from conveyance tax
  • Retains all other existing conveyance tax exemptions, including exemptions for transfers between family members, government entities, and certain corporate mergers and partnerships
  • Takes effect upon approval

Legislative Description

Conveyance tax exemption; low-income housing development

Last Action

(H) Referred to WLO/HSG, FIN, referral sheet 2

1/26/2011

Committee Referrals

Water, Land, & Ocean Resources1/26/2011

Full Bill Text

No bill text available