Stanley Chang
- Democratic
- Senator
- District 9
Primary
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 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 January 1, 2023. (SD1)
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Reported from HOU (Stand. Com. Rep. No. 2331) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 5 Aye(s): Senator(s) Chang, Kanuha, Moriwaki, Rhoads, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
The committee(s) on HOU has scheduled a public hearing on 02-08-22 1:00PM; Conference Room 225 & Videoconference.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
|---|---|
| SB2237_SD1 | PDF HTML |
| SB2237 | PDF HTML |
| Document | Format |
|---|---|
| No related documents. |
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