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HI SB2756
Bill
Status
Engrossed
3/6/2018
Primary Sponsor
Ronald Kouchi
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AI Summary
- Repeals the $38,000,000 statutory cap on conveyance tax revenues dedicated to the Rental Housing Revolving Fund established under section 201H-202.
- Allows 50% of collected conveyance taxes each fiscal year to be deposited into the Rental Housing Revolving Fund without a maximum dollar limit.
- Maintains the existing 10% allocation (or $6,800,000, whichever is less) of conveyance taxes to the land conservation fund.
- Takes effect on July 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) Fukumoto, Johanson, C. Lee, Souki, Todd excused (5).
3/22/2018
Committee Referrals
Finance3/22/2018
Housing3/8/2018
Ways and Means1/24/2018
Full Bill Text
No bill text available