Angus McKelvey
- Democratic
- Senator
- District 6
Primary
Authorizes certain counties to establish a rental unit price ceiling ordinance that prohibits a landlord from increasing the rental price of a dwelling unit at a rate that exceeds the percentage calculated and published by the county based on changes in the applicable Consumer Price Index. Beginning 8/1/2025, requires certain counties to annually calculate and publish the maximum rate at which a landlord may increase the rental price of a dwelling unit during the immediately succeeding twelve-month period. Establishes a nonrefundable Long-Term Residential Lease Tax Credit for taxpayers who own and lease a dwelling unit located in a county that has adopted a rental unit price ceiling ordinance to a person as the person's principal residence in the State pursuant to a lease agreement of a term of one year or longer. Allows the tax credit to be carried forward for up to three taxable years. Applies to taxable years beginning after 12/31/2025. Effective 7/1/2050. (SD2)
Referred to HSG/ECD, CPC, FIN, referral sheet 19
Pass First Reading
Received from Senate (Sen. Com. No. 263) in amended form (SD 2).
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.
48 Hrs. Notice 03-04-25.
Reported from CPN/WAM (Stand. Com. Rep. No. 894) with recommendation of passage on Third Reading, as amended (SD 2).
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Aquino, Fevella.
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
The committee(s) on CPN/WAM will hold a public decision making on 02-26-25 10:00AM; Conference Room 211 & Videoconference.
Report adopted; Passed Second Reading, as amended (SD 1) and referred to CPN/WAM.
Reported from HOU (Stand. Com. Rep. No. 562) with recommendation of passage on Second Reading, as amended (SD 1) and referral to CPN/WAM.
The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 3 Aye(s): Senator(s) Chang, Hashimoto, Kanuha; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Aquino, Fevella.
The committee(s) on HOU has scheduled a public hearing on 02-06-25 1:05PM; Conference Room 225 & Videoconference.
Re-Referred to HOU, CPN/WAM.
Referred to HOU/EIG, CPN/WAM.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
|---|---|
| SB1133_SD2 | PDF HTML |
| SB1133_SD1 | PDF HTML |
| SB1133 | PDF HTML |
| Document | Format |
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| No related documents. |
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