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HI HB1307
Bill
Status
4/12/2011
Primary Sponsor
Henry Aquino
Click for details
AI Summary
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Establishes the ohana residential housing income tax credit as a refundable tax credit equal to the lesser of 2% of the purchase price of a qualified principal residence or $6,000
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Makes the tax credit available only to qualified taxpayers who purchase a qualified principal residence on or after April 1, 2011, and before January 1, 2013
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Intended to benefit the local construction industry by providing an incentive for purchasing newly constructed homes
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Designed to create jobs and stimulate the state's economy through tax incentive for home purchases
Legislative Description
Construction Task Force (2010); Tax Credit; Ohana Residential Housing; New Construction
Last Action
(H) Received notice of all Senate conferees being discharged (Sen. Com. No. 747).
4/13/2012