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HI HB1344

Bill

Official Source

Status

Introduced

1/24/2013

Primary Sponsor

Mele Carroll

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Increases the rental housing trust fund's share of conveyance tax revenues from 30 percent to 50 percent effective July 1, 2013
  • Amends Hawaii Revised Statutes Section 247-7 to redirect a larger portion of collected conveyance taxes to the rental housing trust fund administered by the Hawaii Housing Finance and Development Corporation
  • Addresses an estimated need for over 13,000 rental units by 2016 for households at or below 80 percent of area median income
  • Implements a recommendation from the Hawaii Interagency Council on Homelessness to increase dedicated funding for affordable rental housing development
  • Maintains existing allocations of 10 percent to the land conservation fund and 25 percent to the natural area reserve fund

Legislative Description

Conveyance Tax; Affordable Rental Housing

Last Action

Referred to HUS/HSG, FIN, referral sheet 7

1/28/2013

Committee Referrals

Human Services1/28/2013

Full Bill Text

No bill text available