HI SB871 | 2021 | Regular Session

Note: Carry Foward to future SB871

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on January 22 2021 - 25% progression, died in committee
Action: 2021-02-19 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]

Summary

Lowers conveyance tax rates for properties with a value under $2,000,000. Increases conveyance tax rates for investment properties with certain exceptions. Requires a percentage of conveyance taxes collected to be deposited into the housing finance revolving fund. Effective 1/1/2022. (SD1)

Tracking Information

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Title

Relating To Housing.

Sponsors


Roll Calls

2021-02-11 - Senate - Senate Housing: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2021-02-19SenateReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2021-02-19SenateReported from HOU (Stand. Com. Rep. No. 527) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2021-02-11SenateThe 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, Kanuha, Moriwaki, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
2021-02-08SenateThe committee(s) on HOU has scheduled a public hearing on 02-11-21 1:15PM in conference room 225.
2021-01-29SenateReferred to HOU, WAM.
2021-01-25SenatePassed First Reading.
2021-01-22SenateIntroduced.

Same As/Similar To

SB871 (Carry Over) 2021-02-19 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
HB624 (Same As) 2021-01-27 - Referred to WAL/HSG, FIN, referral sheet 1

Subjects


Hawaii State Sources


Bill Comments

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