SB 2255 Hawaii Senate · 2022 Regular Session

RELATING TO THE MORTGAGE INTEREST DEDUCTION.

Summary

Eliminates the mortgage interest deduction for second homes under Hawaii income tax law. Requires the Department of Taxation to calculate the savings and transfer an equivalent amount of income taxes to the Director of Finance for deposit into the general fund. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2022

Committee Review

Floor Vote

Governor

Introduced Jan 21, 2022 Last action Feb 17, 2022

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 17, 2022

Committee

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

upper

Feb 17, 2022

Committee

Reported from HOU (Stand. Com. Rep. No. 2475) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 15, 2022

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 11, 2022

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 02-15-22 1:00PM; Conference Room 225 & Videoconference.

upper

Jan 24, 2022

Committee

Referred to HOU, WAM.

upper

Jan 21, 2022

Introduced

Introduced.

upper

2 primary · 2 co-sponsors