HB 2605 Hawaii House · 2020 Regular Session

RELATING TO TAXATION OF REAL ESTATE INVESTMENT TRUSTS.

Summary

Disallows dividends paid deduction for real estate investment trusts. Applies to taxable years beginning after 12/31/2020. Sunsets 12/31/2023. Takes effect on 7/1/2112. (HD1)

Bill status in committee 3 of 5 stages cleared

Introduction

Jan 2020

Committee Review

Feb 2020

House Passage

Feb 2020

Senate Passage

Governor

Introduced Jan 23, 2020 Last action Feb 14, 2020

Floor votes · House Feb 14, 2020

How they voted

48–1

Passed · 2 other

Total votes 51

Feb 14, 2020

D Democratic45

43 Yea 2

95% Yea

R Republican5

4 Yea 1 Nay

80% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 14, 2020

Committee

Reported from EDB (Stand. Com. Rep. No. 604-20) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 14, 2020

House · Passed

House Vote: pass (48-1-2)

house

Feb 7, 2020

Lower · Passed

The committees on EDB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) McKelvey, Kitagawa, Eli, Ichiyama, Johanson; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Quinlan, Yamashita, Matsumoto.

lower

Feb 5, 2020

Lower · Passed

The committee(s) on EDB recommend(s) that the measure be deferred until 02-07-20.

lower

Jan 30, 2020

Committee

Re-referred to EDB, FIN, referral sheet 9

lower

Jan 27, 2020

Committee

Referred to FIN, referral sheet 5

lower

Jan 23, 2020

Introduced

Introduced and Pass First Reading.

lower

3 primary · 0 co-sponsors