Category Archives: Conveyance (HRS 247)

HB 2686 HD 1 SD 1

SUBJECT: TRANSIENT ACCOMMODATIONS, CONVEYANCE, INSURANCE PREMIUMS, Tax Hikes to Stabilize Property Insurance

BILL NUMBER: HB 2686 HD 1 SD 1

INTRODUCED BY: Senate Committees on Commerce and Consumer Protection and Energy, Economic Development, and Tourism

EXECUTIVE SUMMARY: Attempts to stabilize property insurance in the State through unspecified increases in the TAT and Conveyance Tax, and reinstatement of the special mortgage recording fee. Continue reading HB 2686 HD 1 SD 1

SB 3234 SD 1 HD 1

SUBJECT: TRANSIENT ACCOMMODATIONS, CONVEYANCE, Tax Hikes to Stabilize Property Insurance

BILL NUMBER: SB 3234 SD 1 HD 1

INTRODUCED BY: House Committee on Consumer Protection & Commerce

EXECUTIVE SUMMARY: Attempts to stabilize property insurance in the State through unspecified increases in the TAT and Conveyance Tax, and reinstatement of the special mortgage recording fee. Continue reading SB 3234 SD 1 HD 1

SB 3234 SD 1

SUBJECT: TRANSIENT ACCOMMODATIONS, CONVEYANCE, Tax Hikes to Stabilize Property Insurance

BILL NUMBER: SB 3234 SD 1

INTRODUCED BY: Senate Committees on Ways and Means and Judiciary

EXECUTIVE SUMMARY: Attempts to stabilize property insurance in the State through unspecified increases in the TAT and Conveyance Tax, and reinstatement of the special mortgage recording fee. Continue reading SB 3234 SD 1

HB 2686 HD 1

SUBJECT: TRANSIENT ACCOMMODATIONS, CONVEYANCE, Tax Hikes to Stabilize Property Insurance

BILL NUMBER: HB 2686 HD 1

INTRODUCED BY: House Committee on Finance

EXECUTIVE SUMMARY: Attempts to stabilize property insurance in the State through unspecified increases in the TAT and Conveyance Tax, and reinstatement of the special mortgage recording fee. Continue reading HB 2686 HD 1

SB 2044 SD 2 HD 1

SUBJECT: CONVEYANCE TAX, Extend Tax to Controlling Interest Transfers

BILL NUMBER:  SB 2044 SD 2 HD 1

INTRODUCED BY: House Committee on Housing

EXECUTIVE SUMMARY:   Establishes that the transfer or acquisition of a controlling interest in an entity that owns real property in the State shall be subject to the conveyance tax. Eliminates the dollar cap amounts of conveyance tax collections paid into the Land Conservation Fund and Rental Housing Revolving Fund.  Deposits ten per cent of conveyance tax collections into the Dwelling Unit Revolving Fund for purposes of funding infrastructure programs for transit-oriented development. Continue reading SB 2044 SD 2 HD 1

HB 2364 HD 2

SUBJECT: CONVEYANCE, Tax Hike, Exemption for Property with Price Cap, Change Earmarks

BILL NUMBER: HB 2364 HD 2

INTRODUCED BY: House Committee on Finance

EXECUTIVE SUMMARY: Increases the conveyance tax rate for certain properties. Exempts conveyances of certain real property from the conveyance tax. Establishes a new conveyance tax rate for multifamily residential properties. Eliminates the cap on the amount of conveyance tax collections allocated to the Land Conservation Fund and Rental Housing Revolving Fund. Allocates ten percent of conveyance tax collections to the Dwelling Unit Revolving Fund for the purpose of funding infrastructure programs in transit-oriented development areas. Continue reading HB 2364 HD 2

SB 2044 SD 2

SUBJECT: CONVEYANCE TAX, Extend Tax to Controlling Interest Transfers

BILL NUMBER:  SB 2044 SD 2

INTRODUCED BY: Senate Committee on Ways and Means

EXECUTIVE SUMMARY:   Establishes that the transfer of a controlling interest in an entity that owns real property in the State shall be subject to the conveyance tax established in chapter 247, HRS. Requires an unspecified amount of the conveyance tax collected to be deposited into the Dwelling Unit Revolving Fund. Requires the Department of Taxation to adopt rules. Continue reading SB 2044 SD 2

SB 3234 SD 1

SUBJECT: TRANSIENT ACCOMMODATIONS, CONVEYANCE, Tax Hikes to Stabilize Property Insurance

BILL NUMBER: SB 3234 SD 1

INTRODUCED BY: Senate Committees on Commerce and Consumer Protection and Energy, Economic Development, and Tourism

EXECUTIVE SUMMARY: Attempts to stabilize property insurance in the State through unspecified increases in the TAT and Conveyance Tax, and reinstatement of the special mortgage recording fee. Continue reading SB 3234 SD 1

SB 2044 SD 1

SUBJECT: CONVEYANCE TAX, Extend Tax to Controlling Interest Transfers

BILL NUMBER:  SB 2044 SD 1

INTRODUCED BY: Senate Committee on Housing

EXECUTIVE SUMMARY:   Establishes that the transfer of a controlling interest in an entity that owns real property in the State shall be subject to the conveyance tax established in chapter 247, HRS. Requires an unspecified amount of the conveyance tax collected to be deposited into the Dwelling Unit Revolving Fund. Requires the Department of Taxation to adopt rules. Continue reading SB 2044 SD 1