SB 944 Hawaii Senate · 2025 Regular Session

RELATING TO THE LOW-INCOME HOUSING TAX CREDIT.

Summary

Clarifies that a partner or member that is a partnership or limited liability company that has been allocated a low-income housing tax credit may either further allocate the credit or transfer, sell, or assign all or a portion of the credit to any taxpayer. Extends the sunset date of Act 129, SLH 2016, relating to the low-income housing tax credit, until 12/31/2032. Effective 7/1/3000. (HD1)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

Senate Passage

Mar 2025

House Passage

Apr 2025

Governor

Introduced Jan 17, 2025 Last action Apr 25, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

SB944_SD1 → SB944_SD2 · 4 edits

MODERATE

This bill updates the Low-Income Housing Tax Credit (LIHTC) provisions in Hawaii, primarily extending the sunset date for certain provisions and clarifying how tax credits can be transferred between partners in partnerships or limited liability companies. The changes affect when the law takes effect and when it expires, impacting long-term planning for affordable housing developers and investors.

Scope change

The bill extends the sunset date from December 31, 2032 to July 1, 2050 for the main provisions, while also adding a sunset provision for the credit allocation rules on July 1, 2030. The effective date is moved to July 1, 2050, and it applies to taxable years beginning after December 31, 2025.

TIMELINE

Changed the effective date from January 1, 2017 to July 1, 2050, and modified the sunset provision from December 31, 2032 to July 1, 2050 for the main act, with a separate sunset on July 1, 2030 for the credit allocation rules.

Updated the application date to taxable years beginning after December 31, 2025, maintaining consistency with the original version.

TECHNICAL

Removed metadata and formatting artifacts from the original document while preserving the substantive legislative text.

Added new metadata fields including document identifiers, timestamps, and version information that were not present in the original version.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 25, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 4:30 PM; Conference Room 225.

upper

Apr 25, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 3:30 PM; Conference Room 016.

upper

Apr 24, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 10:30AM; Conference Room 224.

upper

Apr 23, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-24-25 10:30AM; Conference Room 224.

upper

Apr 22, 2025

Lower · Passed

Bill scheduled for Conference Committee Meeting on Wednesday, 04-23-25 10:32AM in conference room 224.

lower

Apr 4, 2025

Amended

Senate disagrees with House amendments.

upper

Apr 4, 2025

Introduced

Received from House (Hse. Com. No. 478).

upper

Apr 3, 2025

Lower · Passed

Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; Representative(s) Amato, Muraoka voting no (2) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.

lower

Mar 28, 2025

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Hussey, Ward.

lower

Mar 18, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 1357) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 14, 2025

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, Kitagawa, La Chica, Muraoka; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Cochran, Pierick.

lower

Mar 6, 2025

Committee

Referred to HSG, FIN, referral sheet 19

lower

Mar 4, 2025

Introduced

Received from Senate (Sen. Com. No. 224) in amended form (SD 2).

lower

Mar 4, 2025

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 27, 2025

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 24, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-26-25 10:04AM; Conference Room 211 & Videoconference.

upper

Feb 14, 2025

Committee

Reported from HOU (Stand. Com. Rep. No. 564) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 4, 2025

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

upper

Jan 31, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 02-04-25 1:00PM; Conference Room 225 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to HOU, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

1 primary · 0 co-sponsors