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HI HB2329
Bill
Status
1/24/2018
Primary Sponsor
Scott Saiki
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AI Summary
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Removes the $38,000,000 annual cap on conveyance taxes dedicated to the Rental Housing Revolving Fund, allowing 50% of collected conveyance taxes to be deposited without limit.
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Maintains the existing 10% allocation (capped at $6,800,000 annually) of conveyance taxes to the Land Conservation Fund.
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Retains the provision that remaining conveyance tax revenue flows into the state's general fund.
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Takes effect on January 1, 2050.
Legislative Description
Relating To The Conveyance Tax.
Conveyance Tax
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, Ing, McDermott, Nakamura, Souki, Todd excused (6).
2/15/2018