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 rental housing revolving fund.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2021
Last action Dec 10, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 27, 2021
Senate · Referred to committee
Referred to WAM.
Jan 22, 2021
Senate · Introduced
Introduced.
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Stanley Chang
DDemocratic
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