| Measure Title: |
RELATING TO THE CONVEYANCE TAX.
|
| Report Title: |
Conveyance Tax; Rate; Disposition; Affordable Housing Exemption; Rental Housing Revolving Fund
|
| Description: |
Increases the rate of conveyance tax for condominiums and single family residences ineligible for a county homeowner's exemption with a value of at least $2,000,000. Exempts from the conveyance tax documents and instruments conveying real property subject to a government assistance program approved and certified by the Hawaii housing finance and development corporation and used for the provision of affordable housing for qualified persons in the State. Removes maximum dollar amount of conveyance tax revenues that are to be paid into the rental housing revolving fund each fiscal year. Effective 1/1/2024.
|
| Companion: |
SB362
|
| Package: |
None
|
| Current Referral: |
WAL, FIN
|
| Introducer(s): |
KILA, CHUN, HASHIMOTO, HOLT, POEPOE, TODD
|
| Act: |
|
| Sort by Date | | Status Text |
| 12/11/2023 | D | Carried over to 2024 Regular Session. |
| 1/25/2023 | H | Referred to WAL, FIN, referral sheet 1 |
| 1/20/2023 | H | Introduced and Pass First Reading. |
| 1/19/2023 | H | Pending introduction. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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HB286