RELATING TO THE LOW-INCOME HOUSING TAX CREDIT.
Summary
Specifies that certain provisions of the Internal Revenue Code related to at-risk rules and deductions and to passive activity loss do not apply with respect to claims for the state low-income housing tax credit. Caps the state low-income housing tax credit at 50% of the federal low-income housing tax credit. Effective 1/1/2050. (SD2)
Bill status
passed both
4 of 5 stages cleared
Introduction
Jan 2018
Committee Review
Apr 2018
House Passage
Mar 2018
Senate Passage
Apr 2018
Governor
Introduced Jan 22, 2018
Last action Apr 17, 2018
Floor votes
How they voted
This bill passed the Senate. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
32
Key actions
8
Committee
11
Amendments
2
Apr 12, 2018
Introduced
House disagrees with Senate amendment (s).
lower
Apr 10, 2018
Introduced
Returned from Senate (Sen. Com. No. 704) in amended form (SD 2).
lower
Apr 10, 2018
Upper · Passed
Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Harimoto). Transmitted to House.
upper
Apr 3, 2018
Upper · Passed
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 9 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, English, Galuteria, Inouye, K. Kahele, Riviere, Shimabukuro, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Harimoto, Kidani.
upper
Mar 28, 2018
Upper · Passed
The committee(s) on WAM will hold a public decision making on 04-03-18 10:00AM in conference room 211.
upper
Mar 21, 2018
Committee
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
upper
Mar 21, 2018
Committee
Reported from HOU (Stand. Com. Rep. No. 3001) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
upper
Mar 13, 2018
Upper · Passed
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) Espero, Harimoto, Green; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) K. Kahele, Nishihara.
upper
Mar 9, 2018
Upper · Passed
The committee(s) on HOU has scheduled a public hearing on 03-13-18 2:45PM in conference room 225.
upper
Mar 6, 2018
Committee
Referred to HOU, WAM.
upper
Mar 6, 2018
Introduced
Received from House (Hse. Com. No. 212).
upper
Mar 2, 2018
Lower · Passed
Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Ing, San Buenaventura, Say, Yamane excused (4). Transmitted to Senate.
lower
Feb 28, 2018
Lower · Passed
The committees on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Luke, Cullen, Cachola, DeCoite, Fukumoto, Gates, Holt, Keohokalole, Kobayashi, Nakamura, Todd, Yamashita, Tupola, Ward; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Lowen.
lower
Feb 16, 2018
Committee
Reported from HSG (Stand. Com. Rep. No. 588-18) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
lower
Feb 6, 2018
Lower · Passed
The committees on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Brower, Nakamura, Aquino, Hashem, Quinlan, San Buenaventura, McDermott; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
lower
Jan 29, 2018
Committee
Referred to HSG, FIN, referral sheet 9
lower
Jan 24, 2018
Introduced
Introduced and Pass First Reading.
lower
Jan 22, 2018
Introduced
Pending introduction.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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