SB 2697 Hawaii Senate · 2020 Regular Session

RELATING TO TAXATION OF REAL ESTATE INVESTMENT TRUSTS.

Summary

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)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2020

Committee Review

Jun 2020

Senate Passage

Mar 2020

House Passage

Governor

Introduced Jan 17, 2020 Last action Jun 25, 2020

Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 25, 2020

Committee

Reported from EDB (Stand. Com. Rep. No. 1225-20), recommending passage on Second Reading and referral to FIN.

lower

Jun 22, 2020

Lower · Passed

The 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.

lower

Mar 13, 2020

Lower · Passed

The committee(s) on EDB recommend(s) that the measure be deferred until 03-18-20.

lower

Mar 9, 2020

Committee

Referred to EDB, FIN, referral sheet 36

lower

Mar 3, 2020

Introduced

Received from Senate (Sen. Com. No. 338) in amended form (SD 1).

lower

Mar 3, 2020

Upper · Passed

Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 27, 2020

Upper · Passed

The 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.

upper

Feb 18, 2020

Upper · Passed

The committee(s) on WAM deferred the measure until 02-27-20 10:30AM in conference room 211.

upper

Feb 13, 2020

Upper · Passed

The committee(s) on WAM has scheduled a public hearing on 02-18-20 10:30AM in conference room 211.

upper

Jan 27, 2020

Committee

Referred to WAM.

upper

Jan 17, 2020

Introduced

Introduced.

upper

5 primary · 0 co-sponsors