HI HB319

Modifies the owner-builder exemption rule to change the timeframe for property sales from "not more than one year" to "within one year" after construction completion.

Adds an exemption category allowing sales or leases caused by eligible unforeseen hardships as determined by the board, rather than making hardship a conditional clause to the one-year rule.

Requires owners claiming unforeseen hardship to submit a written application to the board prior to selling or leasing, with supporting documentation such as unemployment compensation, tax returns, medical records, bank statements, divorce decrees, mortgage default letters, or bankruptcy filings.

Specifies that the board cannot deny a hardship exemption solely due to lack of completion of the construction or improvement.

Board must communicate its hardship determination to the owner in writing within 90 days of receiving a completed application; effective July 1, 2011.