HI HB1920

Extends the sunset date of Hawaii's low-income housing tax credit program from December 31, 2027 to December 31, 2032.

Allows partnerships and limited liability companies that receive allocated low-income housing tax credits to further allocate, transfer, sell, or assign all or a portion of those credits to any taxpayer, regardless of ownership interest in the qualified building.

Requires transferors to notify the Department of Taxation of any credit transfer, sale, or assignment by the twentieth day of the first month following the end of the taxable year.

Applies to taxable years beginning after December 31, 2026, with an effective date of July 1, 3000 (placeholder date indicating future determination needed).