Bill Text: HI HB908 | 2024 | Regular Session | Amended
Bill Title: Relating To The Land Conservation Fund.
Spectrum: Partisan Bill (Democrat 12-0)
Status: (Engrossed - Dead) 2024-03-25 - Received notice of discharge of all conferees (Hse. Com. No. 457). [HB908 Detail]
Download: Hawaii-2024-HB908-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
908 |
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THIRTY-SECOND LEGISLATURE, 2023 |
H.D. 2 |
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STATE OF HAWAII |
S.D. 1 |
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A BILL FOR AN ACT
RELATING TO THE LAND CONSERVATION FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 247-7, Hawaii Revised Statutes, is amended to read as follows:
"§247-7 Disposition of taxes.
All taxes collected under this chapter shall be paid into the state
treasury to the credit of the general fund of the State, to be used and
expended for the purposes for which the general fund was created and exists by
law; provided that of the taxes collected each fiscal year:
(1) Ten
per cent or [$5,100,000,] $9,800,000, whichever is less, shall be
paid into the land conservation fund established pursuant to section 173A-5;
and
(2) Fifty per cent or $38,000,000, whichever is less, shall be paid into the rental housing revolving fund established by section 201H-202."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on June 30, 3000.
Report Title:
Conveyance Tax; Land Conservation Fund
Description:
Amends the maximum amount of conveyance tax revenues allocated to the Land Conservation Fund. Effective 6/30/3000. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
