HI SB826

Excludes the School Facilities Authority (established under chapter 302A, part VI, subpart C) from eligibility for Hawaii's Low-Income Housing Tax Credit (LIHTC)

Amends Section 235-110.8 of the Hawaii Revised Statutes governing the state LIHTC program

Maintains existing provisions allowing partnerships and LLCs to allocate the tax credit to partners or members regardless of federal tax status, as long as they qualify under state law

Effective date set for July 1, 3000 (placeholder date indicating the bill is not yet intended to take immediate effect)