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Legislative record

HB 1121STATE · HawaiiIntroduced

RELATING TO LEASEHOLD CONVERSION.

Excludes from taxation one hundred per cent of the gain realized by a fee simple owner from the sale of a leased fee interest in units within a condominium project, cooperative project, or planned unit development to the association of apartment owners or the residential cooperative housing corporation of the leasehold units. Applies to taxable years beginning after 12/31/2022 and does not apply to taxable years beginning after 12/31/2029. Effective 7/1/3000. (HD1)

Voted 12/11/2023

Roll-call record

How representatives voted

29 yea·0 nay·2 other

Docket history

Action history

  1. 12/11/2023Carried over to 2024 Regular Session.
  2. 3/9/2023Referred to CPN, WAM.
  3. 3/7/2023Passed First Reading.
  4. 3/7/2023Received from House (Hse. Com. No. 204).
  5. 3/3/2023Passed Third Reading with Representative(s) Cochran voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Alcos, Matayoshi excused (2). Transmitted to Senate.
  6. 3/3/2023Reported from FIN (Stand. Com. Rep. No. 976), recommending passage on Third Reading.
  7. 2/24/2023The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos, Ward; Ayes with reservations: Representative(s) Cochran; Noes: none; and 1 Excused: Representative(s) Garrett.
  8. 2/22/2023Bill scheduled to be heard by FIN on Friday, 02-24-23 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
  9. 2/17/2023Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Kapela voting no (1) and Representative(s) Marten excused (1).
  10. 2/17/2023Reported from CPC (Stand. Com. Rep. No. 755), recommending referral to FIN.