HI SB944 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-01-21 - Passed First Reading.
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-01-21 - Passed First Reading.
Text: Latest bill text (Introduced) [HTML]
Summary
Authorizes a partner or member in a partnership or limited liability company that has been allocated a low-income housing tax credit to further allocate the credit or transfer, sell, or assign up to one hundred per cent of the tax credit, under certain conditions. Extends the sunset date for certain provisions of the Low-Income Housing Tax Credit for low-income buildings.
Title
Relating To The Low-income Housing Tax Credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-21 | Senate | Passed First Reading. |
| 2025-01-17 | Senate | Introduced. |
Subjects
Allocation
Direct or Indirect Interest
Extension
LIHTC
Limited Liability Company
Partnership
Sunset
Transfer, Sale, or Assignment
Direct or Indirect Interest
Extension
LIHTC
Limited Liability Company
Partnership
Sunset
Transfer, Sale, or Assignment
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=944&year=2025 |
| Text | https://www.capitol.hawaii.gov/sessions/session2025/bills/SB944_.HTM |
