SB 2044

  • Hawaii Senate Bill
  • 2024 Regular Session
  • Introduced in Senate Mar 05, 2024
  • Passed Senate Mar 05, 2024
  • House
  • Governor

Relating To The Controlling Interest Transfer Tax.

Abstract

Establishes that the transfer or acquisition of a controlling interest in an entity that owns real property in the State shall be subject to the conveyance tax. Eliminates the dollar cap amounts of conveyance tax collections paid into the Land Conservation Fund and Rental Housing Revolving Fund. Deposits ten per cent of conveyance tax collections into the Dwelling Unit Revolving Fund for purposes of funding infrastructure programs for transit-oriented development. Effective 1/1/3000. (HD1)

Bill Sponsors (6)

Votes


Actions


Mar 18, 2024

House

The committee(s) on CPC recommend(s) that the measure be deferred.

Mar 15, 2024

House

Bill scheduled to be heard by CPC on Monday, 03-18-24 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.

House

Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with Representative(s) Alcos, Matsumoto, Ward voting aye with reservations; Representative(s) Garcia, Pierick voting no (2) and Representative(s) Cochran, Ganaden, Gates, Martinez, Quinlan excused (5).

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

House

Reported from HSG (Stand. Com. Rep. No. 1147-24) as amended in HD 1, recommending passage on Second Reading and referral to CPC.

Mar 13, 2024

House

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

Mar 11, 2024

House

Bill scheduled to be heard by HSG on Wednesday, 03-13-24 10:00AM in House conference room 312 VIA VIDEOCONFERENCE.

Mar 07, 2024

House

Referred to HSG, CPC, FIN, referral sheet 16

  • Referral-Committee
Housing Consumer Protection & Commerce Finance

House

Pass First Reading

Mar 05, 2024

House

Received from Senate (Sen. Com. No. 62) in amended form (SD 2).

Senate

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

Mar 01, 2024

Senate

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Shimabukuro.

Senate

48 Hrs. Notice 03-05-24.

Senate

Reported from WAM (Stand. Com. Rep. No. 3043) with recommendation of passage on Third Reading, as amended (SD 2).

Feb 28, 2024

Senate

The committee(s) on WAM will hold a public decision making on 03-01-24 9:55AM; Conference Room 211 & Videoconference.

Feb 09, 2024

Senate

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

  • Reading-2
  • Referral-Committee
Ways and Means

Senate

Reported from HOU (Stand. Com. Rep. No. 2213) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

Jan 25, 2024

Senate

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

Jan 19, 2024

Senate

The committee(s) on HOU has scheduled a public hearing on 01-25-24 1:00PM; Conference Room 225 & Videoconference.

Jan 17, 2024

Senate

Introduced and passed First Reading.

Senate

Referred to HOU, WAM.

  • Referral-Committee
Housing Ways and Means

Jan 10, 2024

Senate

Pending Introduction.

Bill Text

Bill Text Versions Format
SB2044 PDF

Related Documents

Document Format
No related documents.

Sources

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