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SB 944 Hawaii Senate · 2026 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)
Issues: ✓ Budget & TaxesSupports Budget & TaxesExtends low-income housing tax credit program, enabling continued tax incentives for affordable housing development and funding through tax credits.90% confidence ✓ HousingSupports HousingExtends LIHTC program until 2032, ensuring continued tax credit funding for affordable housing development by clarifying allocation rules for developers.92% confidence
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 2, 2026
Maddy AI version diff · 3 comparisons

What changed between versions

SB944_SD1 → SB944_SD2 · 3 edits
MINOR
The bill's effective date was moved forward from December 31, 2025, to July 1, 2050, and a new sunset provision was added to repeal the main section of the law on July 1, 2030. This change significantly delays when the Low-Income Housing Tax Credit provisions become active and ensures they are automatically removed after a specific period, altering the long-term financial planning for housing projects.
Scope change
The bill's applicability was extended into the future, changing the start date for tax credit eligibility from late 2025 to mid-2050, while introducing a mandatory expiration date in 2030.
TIMELINE

The effective date for the Act was changed from December 31, 2025, to July 1, 2050, delaying when the tax credit provisions apply to taxable years.

A new sunset clause was added, requiring the repeal of Section 1 and the reenactment of the original Hawaii Revised Statutes section 235-110.8(b) on July 1, 2030.

SUMMARY

The legislative summary was updated to reflect the new 2050 effective date and the 2030 sunset provision for amendments to HRS 235-110.8(b).

Floor votes

How they voted

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

Actions timeline

Total actions
43
Key actions
14
Committee
15
Amendments
1
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
Upper · Passed
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
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

Sponsors

Role
Legislator
Party
State
District
P
Photo of Troy Hashimoto
Troy Hashimoto
DDemocratic
HI
5