RELATING TO THE CONVEYANCE TAX.
Summary
Increases the rate of real estate conveyance tax for condominiums and single family residences ineligible for a county home-owner's exemption with a value of at least $2,000,000. Exempts from conveyance taxes documents and instruments conveying real property subject to a government assistance program approved and certified by HHFDC and used for the provision of affordable housing for qualified persons in the State. Removes maximum dollar amount of conveyance taxes that are to be paid into the rental housing revolving fund each fiscal year.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2021
Last action Jan 22, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 22, 2021
Committee
Referred to WTL, WAM.
upper
Jan 21, 2021
Introduced
Introduced.
upper
4 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Donovan Dela Cruz
DDemocratic
P
Jarrett Keohokalole
DDemocratic
P
Mike Gabbard
DDemocratic
P
Stanley Chang
DDemocratic
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