HI SB712

Amends Section 235-68 of Hawaii Revised Statutes to clarify the definition of "resident person" under the Hawaii Real Property Tax Act (HARPTA).

Removes foreign partnerships, foreign limited liability partnerships, foreign limited partnerships, and foreign limited liability companies from the definition of "resident person."

Eliminates provisions that previously allowed foreign limited liability companies registered under chapter 428 to be considered resident persons.

Makes minor technical corrections, including changing "which" to "that" in the definition of "transferee."

Takes effect on January 1, 2020.