HI SB1081 | 2020 | Regular Session

Note: Carry Over of previous SB1081

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2019-12-01 - Carried over to 2020 Regular Session.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]

Summary

Expands eligibility for state-funded individual development accounts to households with income up to 100 percent of the area median income. Expands allowable uses of account funds to rental housing, transportation, costs related to the purchase or repair of a motor vehicle, and qualified business capitalization expenses for a small business. Clarifies certain requirements for fiduciary organizations. Reactivates the tax credit for the five-year period for taxable years 2020 through 2024. Effective 7/1/2050. (SD1)

Tracking Information

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Title

Relating To Individual Development Accounts.

Sponsors


Roll Calls

2019-02-13 - Senate - Senate Energy, Economic Development, and Tourism: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-13 - Senate - Senate Economic Development, Environment, and Technology: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-13 - Senate - Senate Housing: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2019-12-01 Carried over to 2020 Regular Session.
2019-02-15SenateReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2019-02-15SenateReported from HOU/EET (Stand. Com. Rep. No. 556) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2019-02-13SenateThe committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 5 Aye(s): Senator(s) Wakai, Taniguchi, Inouye, J.Keohokalole, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2019-02-13SenateThe 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) S. Chang, Kanuha, Moriwaki, L. Thielen, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2019-02-08SenateThe committee(s) on HOU/EET has scheduled a public hearing on 02-13-19 3:15PM in conference room 414.
2019-01-31SenateRe-Referred to HOU/EET, WAM.
2019-01-28SenateReferred to HMS/HOU/EET, WAM.
2019-01-24SenatePassed First Reading.
2019-01-24SenateIntroduced.

Same As/Similar To

HB334 (Same As) 2019-12-01 - Carried over to 2020 Regular Session.
SB1081 (Carry Over) 2019-02-15 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

Subjects


Hawaii State Sources


Bill Comments

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