SB 2044 Hawaii Senate · 2024 Regular Session

RELATING TO THE CONTROLLING INTEREST TRANSFER TAX.

Summary

Establishes that the transfer or acquisition of a controlling interest in an entity that owns real property in the State shall be subject to the conveyance tax. Eliminates the dollar cap amounts of conveyance tax collections paid into the Land Conservation Fund and Rental Housing Revolving Fund. Deposits ten per cent of conveyance tax collections into the Dwelling Unit Revolving Fund for purposes of funding infrastructure programs for transit-oriented development. Effective 1/1/3000. (HD1)

Bill status passed 4 of 5 stages cleared

Introduction

Jan 2024

Committee Review

Mar 2024

Senate Passage

Mar 2024

House Passage

Mar 2024

Governor

Introduced Jan 10, 2024 Last action Mar 18, 2024

Floor votes · Senate Mar 5, 2024 · House Mar 15, 2024

How they voted

25–0

Passed

Total votes 25

Mar 5, 2024

D Democratic23

23 Yea

100% Yea

R Republican2

2 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 15, 2024

Committee

Reported from HSG (Stand. Com. Rep. No. 1147-24) as amended in HD 1, recommending passage on Second Reading and referral to CPC.

lower

Mar 15, 2024

House · Passed

House Vote: pass (44-2-5)

house

Mar 13, 2024

Lower · Passed

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

lower

Mar 7, 2024

Committee

Referred to HSG, CPC, FIN, referral sheet 16

lower

Mar 5, 2024

Introduced

Received from Senate (Sen. Com. No. 62) in amended form (SD 2).

lower

Mar 5, 2024

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 1, 2024

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Shimabukuro.

upper

Feb 28, 2024

Upper · Passed

The committee(s) on WAM will hold a public decision making on 03-01-24 9:55AM; Conference Room 211 & Videoconference.

upper

Feb 9, 2024

Committee

Reported from HOU (Stand. Com. Rep. No. 2213) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 25, 2024

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

upper

Jan 19, 2024

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 01-25-24 1:00PM; Conference Room 225 & Videoconference.

upper

Jan 17, 2024

Committee

Referred to HOU, WAM.

upper

Jan 17, 2024

Introduced

Introduced and passed First Reading.