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HI SB508
Bill
AI Summary
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Increases the withholding tax rate on nonresident dispositions of Hawaii real property from 5% to 7.25% of the amount realized.
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Amends Section 235-68(b) of the Hawaii Revised Statutes to change the withholding requirement for transferees.
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Applies to real estate dispositions occurring on or after September 15, 2018.
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Takes effect upon approval of the act.
Legislative Description
Relating To Taxation.
Hawaii Real Property Tax Law
Last Action
Act 122, on 07/05/2018 (Gov. Msg. No. 1223).
7/10/2018
Committee Referrals
Finance3/8/2018
Ways and Means1/23/2017
Full Bill Text
No bill text available