HB 1121 Hawaii House · 2024 Regular Session

RELATING TO LEASEHOLD CONVERSION.

Summary

Excludes from taxation one hundred per cent of the gain realized by a fee simple owner from the sale of a leased fee interest in units within a condominium project, cooperative project, or planned unit development to the association of apartment owners or the residential cooperative housing corporation of the leasehold units. Applies to taxable years beginning after 12/31/2022 and does not apply to taxable years beginning after 12/31/2029. Effective 7/1/3000. (HD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2023

Committee Review

Mar 2023

House Passage

Mar 2023

Senate Passage

Governor

Introduced Jan 24, 2023 Last action Dec 11, 2023

Floor votes

How they voted

This bill passed the House. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 9, 2023

Committee

Referred to CPN, WAM.

upper

Mar 7, 2023

Introduced

Received from House (Hse. Com. No. 204).

upper

Mar 3, 2023

Lower · Passed

Passed Third Reading with Representative(s) Cochran voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Alcos, Matayoshi excused (2). Transmitted to Senate.

lower

Feb 24, 2023

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos, Ward; Ayes with reservations: Representative(s) Cochran; Noes: none; and 1 Excused: Representative(s) Garrett.

lower

Feb 17, 2023

Committee

Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Marten excused (1).

lower

Feb 17, 2023

Committee

Reported from CPC (Stand. Com. Rep. No. 755), recommending referral to FIN.

lower

Feb 16, 2023

Lower · Passed

The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 11 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Gates, Lowen, Onishi, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Feb 9, 2023

Committee

Reported from HSG (Stand. Com. Rep. No. 215) as amended in HD 1, recommending passage on Second Reading and referral to CPC.

lower

Feb 8, 2023

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Hashimoto, Aiu, Kila, Kitagawa, Marten, Onishi, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Todd.

lower

Jan 30, 2023

Committee

Referred to HSG, CPC, FIN, referral sheet 3

lower

Jan 25, 2023

Introduced

Introduced and Pass First Reading.

lower

Jan 24, 2023

Introduced

Pending introduction.