HOUSE OF REPRESENTATIVES

H.B. NO.

2070

THIRTIETH LEGISLATURE, 2020

H.D. 1

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO LAND.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 


SECTION 1. Chapter 46, Hawaii Revised Statutes, is amended by adding a new section to part IV to be appropriately designated and to read as follows:

"46- Receipt of donation of damaged lands. Each county shall develop procedures for the acceptance of private donations of land that has been damaged or is likely to sustain damage due to natural disasters or climate change."

SECTION 2. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to part I to be appropriately designated and to read as follows:

"235- Donation of damaged lands; tax deduction. (a) There shall be allowed as a charitable deduction from gross income the amount that represents the appraised value of land, assessed at the time of the donation, that an individual taxpayer donates to a county; provided that the land has sustained or is likely to sustain damage due to natural disaster or climate change.

(b) The director of taxation shall prepare forms as may be necessary to claim a tax deduction under this section, may require proof of the claim for the tax deduction, and may adopt rules pursuant to chapter 91."

SECTION 3 New statutory material is underscored.

SECTION 4. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2020.


 


 

Report Title:

Land; Donations; Tax Deductions

 

Description:

Requires counties to develop procedures to accept private donations of land that is damaged or likely to be damaged by natural disasters or climate change. Authorizes taxpayers to receive a charitable income tax deduction for the donations. Applies to taxable years beginning after 12/31/2020. (HD1)

 

 

 

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