30th Legislature, 2019
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SB2697 SD1       (?)


Measure Title: RELATING TO TAXATION OF REAL ESTATE INVESTMENT TRUSTS.
Report Title: Taxation; Real Estate Investment Trusts; Dividends Paid Deduction
Description: Disallows dividends paid deduction for real estate investment trusts, except for real estate investment trusts that provide affordable housing in the State. Effective 7/1/2050. Applies to taxable years beginning after 12/31/2020. Sunsets 12/31/2023. (SD1)
Companion:  HB2605
Package: None
Current Referral: EDB, FIN
Introducer(s): KEITH-AGARAN, J.KEOHOKALOLE, MORIWAKI, S. Chang, Kanuha, Kidani, Kim, Riviere, Shimabukuro

Sort by Date Status Text
1/17/2020SIntroduced.
1/21/2020SPassed First Reading.
1/27/2020SReferred to WAM.
2/13/2020SThe committee(s) on WAM has scheduled a public hearing on 02-18-20 10:30AM in conference room 211.
2/18/2020SThe committee(s) on WAM deferred the measure until 02-27-20 10:30AM in conference room 211.
2/27/2020SThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 10 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Harimoto, Inouye, K. Kahele, Kanuha, Kidani, Moriwaki, Riviere, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 3 Excused: Senator(s) English, Shimabukuro, Taniguchi.
2/28/2020SReported from WAM (Stand. Com. Rep. No. 3095) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2/28/2020SReport adopted; Passed Second Reading, as amended (SD 1).
2/28/2020S48 Hrs. Notice 03-03-20.
3/3/2020SPassed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/3/2020HReceived from Senate (Sen. Com. No. 338) in amended form (SD 1).
3/5/2020HPass First Reading
3/9/2020HReferred to EDB, FIN, referral sheet 36
3/10/2020HBill scheduled to be heard by EDB on Friday, 03-13-20 9:45AM in House conference room 309.
3/13/2020HThe committee(s) on EDB recommend(s) that the measure be deferred until 03-18-20.
3/13/2020HBill scheduled for decision making on Wednesday, 03-18-20 10:30AM in conference room 309.
3/16/2020HThis measure has been deleted from the meeting scheduled on Wednesday 03-18-20 10:30AM in conference room 309.
6/19/2020HBill scheduled to be heard by EDB on Monday, 06-22-20 11:00AM in House conference room 329.
6/22/2020HThe committees on EDB recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 8 Ayes: Representative(s) McKelvey, Kitagawa, Eli, Ichiyama, Johanson, Yamashita, Matsumoto; Ayes with reservations: Representative(s) Quinlan; 0 Noes: none; and 0 Excused: none.
6/25/2020HReported from EDB (Stand. Com. Rep. No. 1225-20), recommending passage on Second Reading and referral to FIN.
6/25/2020HPassed Second Reading and referred to the committee(s) on FIN with Representative(s) Okimoto, Quinlan voting aye with reservations; none voting no (0) and Representative(s) Cabanilla Arakawa, Matayoshi excused (2).

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

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SB2697 SD1






CommRoomDate/TimeNotice 
WAM 211 2/18/2020 10:30 AM View
WAM 211 2/27/2020 10:30 AM View
EDB 309 3/13/2020 9:45 AM View
EDB 329 6/22/2020 11:00 AM View