HB 2472 Hawaii House · 2018 Regular Session

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 fifty per cent of the federal low-income housing tax credit. Takes effect on 07/01/2050. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2018

Committee Review

Mar 2018

House Passage

Mar 2018

Senate Passage

Governor

Introduced Jan 23, 2018 Last action Mar 22, 2018

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 22, 2018

Committee

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

upper

Mar 22, 2018

Committee

Reported from HOU (Stand. Com. Rep. No. 3082) 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 8, 2018

Committee

Referred to HOU, WAM.

upper

Mar 6, 2018

Introduced

Received from House (Hse. Com. No. 232).

upper

Mar 2, 2018

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cachola, Ing, San Buenaventura, Say, Yamane excused (5). Transmitted to Senate.

lower

Feb 23, 2018

Lower · Passed

The committees on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 11 Ayes: Representative(s) Luke, Cullen, Cachola, Fukumoto, Gates, Holt, Keohokalole, Kobayashi, Nakamura, Yamashita, Ward; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) DeCoite, Lowen, Todd, Tupola.

lower

Feb 14, 2018

Committee

Reported from HSG (Stand. Com. Rep. No. 386-18) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 8, 2018

Lower · Passed

The committees on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Brower, Nakamura, Aquino, Hashem, San Buenaventura, McDermott; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Quinlan.

lower

Jan 29, 2018

Committee

Referred to HSG, FIN, referral sheet 9

lower

Jan 24, 2018

Introduced

Introduced and Pass First Reading.

lower

Jan 23, 2018

Introduced

Pending introduction.

lower

2 primary · 0 co-sponsors