29th Legislature, 2018
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HB486 HD2       (?)


Measure Title: RELATING TO THE MORTGAGE INTEREST DEDUCTION.
Report Title: Income Tax; Mortgage Interest Deduction
Description: Eliminates the mortgage interest deduction for second homes under the Hawaii Income Tax Law. Specifies that the revenue gain attributable to this measure be deposited into the Rental Housing Revolving Fund. Requires the Department of Budget and Finance, in consultation with the Department of Taxation, to submit reports on the administration of this measure to the Legislature prior to the 2018, 2019, 2020, 2021, and 2022 Regular Sessions. (HB486 HD2)
Companion:  sb219
Package: None
Current Referral: WAM
Introducer(s): BROWER, HASHEM, HOLT, KEOHOKALOLE, KONG, MCKELVEY, NAKAMURA, NISHIMOTO, QUINLAN, San Buenaventura

Sort by Date Status Text
1/20/2017HPending introduction.
1/23/2017HPass First Reading
1/23/2017HReferred to HSG, FIN, referral sheet 2
2/6/2017HBill scheduled to be heard by HSG on Thursday, 02-09-17 9:00AM in House conference room 423.
2/9/2017HThe committee(s) on HSG recommend(s) that the measure be deferred.
2/10/2017HBill scheduled for decison-making on Tuesday, 02-14-17 10:00AM in House conference room 423.
2/14/2017HThe committees on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Brower, Nakamura, Aquino, Hashem, Quinlan, San Buenaventura; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) McDermott.
2/17/2017HReported from HSG (Stand. Com. Rep. No. 479) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/17/2017HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/21/2017HBill scheduled to be heard by FIN on Thursday, 02-23-17 12:00PM in House conference room 308.
2/23/2017HThe committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Luke, Cullen, Choy, DeCoite, Gates, Holt, Keohokalole, Kobayashi, LoPresti, Lowen, Nakamura, Quinlan, Yamashita; Ayes with reservations: none; 3 Noes: Representative(s) Cachola, Tupola, Ward; and 1 Excused: Representative(s) Tokioka.
3/3/2017HReported from FIN (Stand. Com. Rep. No. 1074) as amended in HD 2, recommending passage on Third Reading.
3/3/2017HForty-eight (48) hours notice Tuesday, 03-07-17.
3/7/2017HPassed Third Reading as amended in HD 2 with none voting aye with reservations; Representative(s) Cachola, Matsumoto, Tupola, Ward voting no (4) and Representative(s) Ichiyama excused (1). Transmitted to Senate.
3/9/2017SReceived from House (Hse. Com. No. 265).
3/9/2017SPassed First Reading.
3/9/2017SReferred to WAM.
11/30/2017DCarried over to 2018 Regular Session.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB486 HD2






No hearings scheduled