Loading chat...
HI HB487
Bill
Status
Introduced
1/23/2017
Primary Sponsor
Tom Brower
Click for details
AI Summary
-
Amends Section 247-7, Hawaii Revised Statutes to modify how conveyance tax revenues are distributed
-
Removes the $38,000,000 cap on conveyance tax proceeds paid into the Rental Housing Revolving Fund, allowing 50% of collected taxes to be paid without a dollar limit
-
Maintains the existing 10% or $6,800,000 (whichever is less) allocation to the Land Conservation Fund
-
Effective date to be determined by the Legislature
Legislative Description
Relating To The Conveyance Tax.
Rental Housing Revolving Fund
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/17/2017
Committee Referrals
Finance2/17/2017
Housing1/23/2017
Full Bill Text
No bill text available