HI SB2044 | 2024 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Engrossed on March 5 2024 - 50% progression, died in committee
Action: 2024-03-18 - The committee(s) on CPC recommend(s) that the measure be deferred.
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Amended) [HTML]
Status: Engrossed on March 5 2024 - 50% progression, died in committee
Action: 2024-03-18 - The committee(s) on CPC recommend(s) that the measure be deferred.
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Amended) [HTML]
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)
Title
Relating To The Controlling Interest Transfer Tax.
Sponsors
| Sen. Stanley Chang [D] | Sen. Kurt Fevella [R] | Sen. Troy Hashimoto [D] | Sen. Jarrett Keohokalole [D] |
| Sen. Michelle Kidani [D] | Sen. Maile Shimabukuro [D] |
Roll Calls
2024-03-01 - Senate - Senate Ways and Means: Passed, With Amendments (Y: 12 N: 0 NV: 0 Abs: 1) [PASS]
2024-01-25 - Senate - Senate Housing: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]
2024-01-25 - Senate - Senate Housing: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-18 | House | The committee(s) on CPC recommend(s) that the measure be deferred. |
| 2024-03-15 | House | Bill scheduled to be heard by CPC on Monday, 03-18-24 2:05PM in House conference room 329 VIA VIDEOCONFERENCE. |
| 2024-03-15 | House | Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with Representative(s) Alcos, Matsumoto, Ward voting aye with reservations; Representative(s) Garcia, Pierick voting no (2) and Representative(s) Cochran, Ganaden, Gates, Martinez, Quinlan excused (5). |
| 2024-03-15 | House | Reported from HSG (Stand. Com. Rep. No. 1147-24) as amended in HD 1, recommending passage on Second Reading and referral to CPC. |
| 2024-03-13 | House | 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. |
| 2024-03-11 | House | Bill scheduled to be heard by HSG on Wednesday, 03-13-24 10:00AM in House conference room 312 VIA VIDEOCONFERENCE. |
| 2024-03-07 | House | Referred to HSG, CPC, FIN, referral sheet 16 |
| 2024-03-07 | House | Pass First Reading |
| 2024-03-05 | House | Received from Senate (Sen. Com. No. 62) in amended form (SD 2). |
| 2024-03-05 | Senate | 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. |
| 2024-03-01 | Senate | 48 Hrs. Notice 03-05-24. |
| 2024-03-01 | Senate | Reported from WAM (Stand. Com. Rep. No. 3043) with recommendation of passage on Third Reading, as amended (SD 2). |
| 2024-03-01 | Senate | 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. |
| 2024-02-28 | Senate | The committee(s) on WAM will hold a public decision making on 03-01-24 9:55AM; Conference Room 211 & Videoconference. |
| 2024-02-09 | Senate | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| 2024-02-09 | Senate | Reported from HOU (Stand. Com. Rep. No. 2213) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| 2024-01-25 | Senate | 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. |
| 2024-01-19 | Senate | The committee(s) on HOU has scheduled a public hearing on 01-25-24 1:00PM; Conference Room 225 & Videoconference. |
| 2024-01-17 | Senate | Referred to HOU, WAM. |
| 2024-01-17 | Senate | Introduced and passed First Reading. |
| 2024-01-10 | Senate | Pending Introduction. |
Subjects
Controlling Interest Transfers
Conveyance Tax
DOTAX
Dwelling Unit Revolving Fund
Infrastructure Programs
Land Conservation Fund
Rental Housing Revolving Fund
Conveyance Tax
DOTAX
Dwelling Unit Revolving Fund
Infrastructure Programs
Land Conservation Fund
Rental Housing Revolving Fund
