HawaiiRELATING TO THE LOW-INCOME HOUSING TAX CREDIT.
What it does
Clarifies that a partner or member of a partnership or limited liability company that has been allocated a low-income housing tax credit issued after July 1, 2026, may either further allocate the credit or transfer, sell, or assign all or a portion of the credit to any taxpayer. Extends the sunset date of Act 129, SLH 2016, relating to the low-income housing tax credit, until 12/31/2032. Effective 7/1/2050.
More detail
(SD1)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 19Reported from HOU (Stand. Com. Rep. No. 2399) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.Latest
- Feb 19Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
- Feb 10The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 5 Aye(s): Senator(s) Chang, Hashimoto, Elefante, Rhoads, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
- Vote recorded The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Feb 5The committee(s) on HOU deferred the measure until 02-10-26 1:00PM; Conference Room 225 & Videoconference.Minor
- Feb 2The committee(s) on HOU has scheduled a public hearing on 02-05-26 1:01PM; Conference Room 225 & Videoconference.
- Jan 28Referred to HOU, WAM.Minor
- Jan 26Passed First Reading.Minor
- Jan 23Introduced.Introduced