Bill Text: HI SB2444 | 2018 | Regular Session | Introduced
Bill Title: Relating To Housing.
Spectrum: Partisan Bill (Democrat 11-0)
Status: (Introduced - Dead) 2018-01-22 - Referred to WAM. [SB2444 Detail]
Download: Hawaii-2018-SB2444-Introduced.html
THE SENATE |
S.B. NO. |
2444 |
TWENTY-NINTH LEGISLATURE, 2018 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to housing.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§235- Housing
choice voucher program; tax deduction. (a)
There shall be allowed, as a deduction from gross income subject to this
chapter, twenty-five per cent of the amount received by a taxpayer as rent from
a recipient of the housing choice voucher program.
(b) The director of taxation shall prepare such forms as may be necessary to claim a tax deduction under this section, may require proof of the claim for the tax deduction and may adopt rules pursuant to chapter 91."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall apply to taxable years beginning after December 31, 2017.
INTRODUCED BY: |
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Report Title:
Income Tax Deduction; Section 8; Housing Choice Voucher Program; Landlords
Description:
Allows taxpayers a twenty-five per cent income tax deduction for amounts received as rent from recipients of the housing choice voucher program.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.