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HI SB1241

Bill

Official Source

Status

Passed

6/14/2011

Primary Sponsor

Shan Tsutsui

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Repeals the conveyance tax exemption for documents or instruments conveying real property to nonprofit or for-profit organizations certified by the Hawaii Housing Finance and Development Corporation for low-income housing development.

  • Removes subsection (17) from Hawaii Revised Statutes Section 247-3, which previously exempted low-income housing projects from the conveyance tax.

  • Maintains all other existing conveyance tax exemptions, including those for government entities, easements, marital property transfers, testamentary trusts, and corporate mergers.

  • Takes effect on July 1, 2011.

Legislative Description

Conveyance Tax Exemption; Low-income Housing Development

Last Action

(H) Act 100, on 6/9/2011 (Gov. Msg. No. 1203).

6/14/2011

Committee Referrals

Ways and Means2/18/2011
Water, Land, and Housing1/26/2011

Full Bill Text

No bill text available