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Report Title: Income Tax; Exemption; Leased Fee Interest Sale; Capital Gains
Description: 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 ending prior to 1/1/2030. Effective 7/1/2050. (SD1)
Companion:  HB1121
Package: None
Current Referral: HSG, CPC, FIN
Introducer(s): MORIWAKI, CHANG, Shimabukuro

Sort by Date Status Text
3/9/2023HReferred to HSG, CPC, FIN, referral sheet 17
3/9/2023HPass First Reading
3/7/2023HReceived from Senate (Sen. Com. No. 300) in amended form (SD 1).
3/7/2023SReport Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: Senator(s) Inouye, McKelvey, San Buenaventura. Noes, 0 (none). Excused, 1 (Senator(s) Fukunaga). Transmitted to House.
3/3/2023SOne Day Notice 03-07-23.
3/3/2023SReported from WAM (Stand. Com. Rep. No. 891) with recommendation of passage on Third Reading.
3/1/2023SThe committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Aquino, DeCoite, Inouye, Kanuha, Kidani, Kim, Lee, Moriwaki, Shimabukuro, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/27/2023SThe committee(s) on WAM will hold a public decision making on 03-01-23 10:10AM; Conference Room 211 & Videoconference.
2/17/2023SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/17/2023SReported from CPN (Stand. Com. Rep. No. 613) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/16/2023SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/10/2023SThe committee(s) on CPN has scheduled a public hearing on 02-16-23 9:30AM; Conference Room 229 & Videoconference.
1/27/2023SReferred to CPN, WAM.
1/23/2023SPassed First Reading.

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

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SB884 SD1
All Versions of this Measure
Hearing Notices
2/16/23 9:30A
CR 229 & Videoconference
3/01/23 10:10A
CR 211 & Videoconference