HB 1121

  • Hawaii House Bill
  • 2023 Regular Session
  • Introduced in House Mar 07, 2023
  • Passed House Mar 03, 2023
  • Senate
  • Governor

Relating To Leasehold Conversion.

Abstract

Excludes from taxation one hundred per cent of the gain realized by a fee simple owner from the sale of a leased fee interest in units within a condominium project, cooperative project, or planned unit development to the association of apartment owners or the residential cooperative housing corporation of the leasehold units. Applies to taxable years beginning after 12/31/2022 and does not apply to taxable years beginning after 12/31/2029. Effective 7/1/3000. (HD1)

Bill Sponsors (6)

Votes


Actions


Mar 09, 2023

Senate

Referred to CPN, WAM.

  • Referral-Committee
Commerce and Consumer Protection Ways and Means

Mar 07, 2023

Senate

Passed First Reading.

Senate

Received from House (Hse. Com. No. 204).

Mar 03, 2023

House

Passed Third Reading with Representative(s) Cochran voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Alcos, Matayoshi excused (2). Transmitted to Senate.

House

Reported from FIN (Stand. Com. Rep. No. 976), recommending passage on Third Reading.

Feb 24, 2023

House

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos, Ward; Ayes with reservations: Representative(s) Cochran; Noes: none; and 1 Excused: Representative(s) Garrett.

Feb 22, 2023

House

Bill scheduled to be heard by FIN on Friday, 02-24-23 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.

Feb 17, 2023

House

Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Marten excused (1).

House

Reported from CPC (Stand. Com. Rep. No. 755), recommending referral to FIN.

Feb 16, 2023

House

The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 11 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Gates, Lowen, Onishi, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

Feb 13, 2023

House

Bill scheduled to be heard by CPC on Thursday, 02-16-23 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

Feb 09, 2023

House

Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Kila, Lamosao excused (2).

  • Reading-2
  • Referral-Committee
Consumer Protection & Commerce

House

Reported from HSG (Stand. Com. Rep. No. 215) as amended in HD 1, recommending passage on Second Reading and referral to CPC.

Feb 08, 2023

House

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Hashimoto, Aiu, Kila, Kitagawa, Marten, Onishi, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Todd.

Feb 03, 2023

House

Bill scheduled to be heard by HSG on Wednesday, 02-08-23 9:30AM in House conference room 312 VIA VIDEOCONFERENCE.

Jan 30, 2023

House

Referred to HSG, CPC, FIN, referral sheet 3

  • Referral-Committee
Housing Consumer Protection & Commerce Finance

Jan 25, 2023

House

Introduced and Pass First Reading.

Jan 24, 2023

House

Pending introduction.

Bill Text

Bill Text Versions Format
HB1121_HD1 PDF HTML
HB1121 PDF HTML

Related Documents

Document Format
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Sources

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