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HI HB1295

Bill

Official Source

Status

Engrossed

3/10/2015

Primary Sponsor

Jo Jordan

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Increases the low-income housing tax credit from 50 per cent to 100 per cent of the qualified basis for each building located in Hawaii.

  • The applicable percentage shall be calculated according to section 42(b) of the Internal Revenue Code.

  • Takes effect on July 1, 2030, and applies to buildings placed in service after December 31, 2015.

Legislative Description

Low-Income Housing Tax Credit

Last Action

The committee on HSH deferred the measure.

3/24/2015

Committee Referrals

Human Services and Housing3/12/2015
Finance2/2/2015

Full Bill Text

No bill text available