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SB 37

  • Hawaii Senate Bill
  • 2022 Regular Session
  • Introduced in Senate Jan 21, 2021
  • Senate
  • House
  • Governor

Relating To The Mortgage Interest Deduction.

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Bill Subjects

Income Tax Mortgage Interest Deduction Rental Housing Revolving Fund

Abstract

Eliminates the mortgage interest deduction for second homes under Hawaii income tax law. Requires the department of taxation to calculate the savings and transfer an equivalent amount of income taxes to the director of finance for deposit into the rental housing revolving fund.

Bill Sponsors (9)

Stanley Chang

  • Democratic
  • Senator
  • District 9
Primary

Donovan Dela Cruz

  • Democratic
  • Senator
  • District 17
Primary

Jarrett Keohokalole

  • Democratic
  • Senator
  • District 24
Primary

Chris Lee

  • Democratic
  • Senator
  • District 25
Primary

Bennette E. Misalucha

  • Democratic
Primary

Karl Rhoads

  • Democratic
  • Senator
  • District 13
Primary

Rosalyn H. Baker

  • Democratic
Secondary

Gabbard

     
Secondary

Brian T. Taniguchi

  • Democratic
Secondary

Votes

No votes to display

Actions

Dec 10, 2021

Hawaii State Legislature

Carried over to 2022 Regular Session.

Jan 22, 2021

Senate

Referred to WAM.

  • Referral-Committee
Ways and Means

Jan 21, 2021

Senate

Passed First Reading.

Senate

Introduced.

Bill Text

Bill Text Versions Format
SB37 PDF HTML

Related Documents

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Sources

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