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HI HB1408

Bill

Official Source

Status

Introduced

1/26/2011

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Establishes a controlling interest transfer tax on transfers of more than 50 percent interest in entities holding real property in Hawaii
  • Tax rate set at the same rate as the existing conveyance tax
  • Administered by the Director of Taxation
  • Department of Taxation supported the measure; Tax Foundation of Hawaii and Hawaii Association of REALTORS offered comments

Legislative Description

Taxation; Controlling Interest Transfer Tax

Last Action

Carried over to 2012 Regular Session.

12/1/2011

Committee Referrals

Finance2/17/2011
Water, Land, & Ocean Resources1/28/2011

Full Bill Text

No bill text available