HOUSE OF REPRESENTATIVES

THE THIRTY-SECOND LEGISLATURE

REGULAR SESSION OF 2024

 

COMMITTEE ON HEALTH & HOMELESSNESS

Rep. Della Au Belatti, Chair

Rep. Jenna Takenouchi, Vice Chair

 

Rep. Terez Amato

Rep. Lisa Marten

Rep. Greggor Ilagan

Rep. Scott Y. Nishimoto

Rep. Bertrand Kobayashi

Rep. Diamond Garcia

 

 

NOTICE OF HEARING

 

DATE:

Wednesday, February 7, 2024

TIME:

8:30 AM

PLACE:

VIA VIDEOCONFERENCE

Conference Room 329

State Capitol

415 South Beretania Street

 

 

 

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A G E N D A

 

HB 2629

Status

RELATING TO THE CONVEYANCE TAX.

Establishes the Homeless Services Fund.  Amends the conveyance tax rates based on property values.  Repeals the conveyance tax rates set separately for conveyances for which the purchasers are ineligible for a county homeowner's exemption on property tax.  Exempts from conveyance taxes, conveyances of real property to organizations with certain affordability requirements and to certain nonprofit organizations.  Allows collected conveyance taxes to be allocated to the Affordable Homeownership Revolving Fund and Homeless Services Fund and amends the allocations to the Land Conservation Fund and Rental Housing Revolving Fund.  Allows counties to apply for matching funds from the Affordable Homeownership Revolving Fund for housing projects that are subject to a perpetual affordability requirement.

 

HLT, HSG, FIN

 

 

 

 

 

 

 

DECISION MAKING TO FOLLOW

 

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FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are bolded.

 

For more information, please contact the Committee Clerk at (808) 586-9425.

 

 

 

 

 

________________________________________

Rep. Della Au Belatti

Chair