SB 659 Hawaii Senate · 2021 Regular Session

RELATING TO LOW-INCOME HOUSING TAX CREDIT.

Summary

Allows the low-income housing tax credit to be allocated among the partners or members of the partnership or limited liability company earning the credit in any manner agreed to by the partners or members. Requires Internal Revenue Service Form 8609 to be included with claims for the low-income housing tax credit. Specifies other restrictions and clarifies the effect of other tax provisions for buildings placed in service after 12/31/2020. Extends the increases made to the low-income housing tax credit from 12/31/2021 to an unspecified date. Applies to taxable years beginning after 12/31/2050. Effective 12/1/2050. (HD3)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2021

Committee Review

Apr 2021

Senate Passage

Mar 2021

House Passage

Apr 2021

Governor

Introduced Jan 22, 2021 Last action Apr 23, 2021

Floor votes

How they voted

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

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 22, 2021

Lower · Passed

Conference Committee Meeting will reconvene on Friday 04-23-21 3:31PM in conference room CR 329.

lower

Apr 21, 2021

Lower · Passed

Conference Committee Meeting will reconvene on Thursday 04-22-21 3:40PM in conference room CR 329.

lower

Apr 19, 2021

Lower · Passed

Bill scheduled for Conference Committee Meeting on Tuesday, 04-20-21 3:31PM in conference room CR 329.

lower

Apr 15, 2021

Introduced

Senate disagrees with House amendments.

upper

Apr 15, 2021

Introduced

Received from House (Hse. Com. No. 527).

upper

Apr 13, 2021

Lower · Passed

Passed Third Reading as amended in HD 3 with none voting aye with reservations; none voting no (0) and Representative(s) Holt, Ohno excused (2). Transmitted to Senate.

lower

Apr 7, 2021

Lower · Passed

The committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 15 Ayes: Representative(s) Luke, Cullen, Branco, Eli, Holt, Ilagan, B. Kobayashi, Marten, Nishimoto, Perruso, Sayama, Tam, Wildberger, Yamashita, McDermott; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Apr 1, 2021

Lower · Passed

The committee(s) on FIN recommend(s) that the measure be deferred until 04-07-21.

lower

Mar 25, 2021

Committee

Report adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; none voting no (0) and none excused (0).

lower

Mar 25, 2021

Committee

Reported from CPC (Stand. Com. Rep. No. 1412) as amended in HD 2, recommending referral to FIN.

lower

Mar 23, 2021

Lower · Passed

The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 11 Ayes: Representative(s) Johanson, Kitagawa, Aquino, Har, Hashem, Kong, Mizuno, Morikawa, Onishi, Tarnas, Matsumoto; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Mar 19, 2021

Committee

Reported from HSG (Stand. Com. Rep. No. 1102) as amended in HD 1, recommending passage on Second Reading and referral to CPC.

lower

Mar 18, 2021

Lower · Passed

The committees on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Nakamura, Hashimoto, Aquino, DeCoite, Ilagan, Kitagawa, McDermott; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Takumi.

lower

Mar 11, 2021

Committee

Referred to HSG, CPC, FIN, referral sheet 22

lower

Mar 9, 2021

Introduced

Received from Senate (Sen. Com. No. 245) in amended form (SD 2).

lower

Mar 9, 2021

Upper · Passed

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.

upper

Mar 4, 2021

Upper · Passed

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, Keith-Agaran, English, Inouye, Kanuha, Kidani, Moriwaki, Shimabukuro, Taniguchi, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Mar 2, 2021

Upper · Passed

The committee(s) on WAM will hold a public decision making on 03-04-21 10:00AM; CR 211 & Videoconference.

upper

Feb 12, 2021

Committee

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

upper

Feb 12, 2021

Committee

Reported from HOU (Stand. Com. Rep. No. 217) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 4, 2021

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 5 Aye(s): Senator(s) Chang, Kanuha, Moriwaki, Rhoads, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 1, 2021

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 02-04-21 1:00PM in conference room 225.

upper

Jan 27, 2021

Committee

Referred to HOU, WAM.

upper

Jan 22, 2021

Introduced

Introduced.

upper

4 primary · 0 co-sponsors