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Committees pass bill allowing low‑income housing tax credits to offset county TAT
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Summary
House committees voted to pass HB 916 HD1, which permits state low‑income housing tax credits to be applied against the state transient accommodations tax in the same county as the qualified property and makes a prior act permanent.
HONOLULU — The House Committee on Tourism and the Committee on Economic Development and Technology each voted to pass HB 916 HD1 unamended on Tuesday. The chair read the bill summary and recommended passage.
As described to the committees, HB 916 HD1 allows tax credits claimed under the state low‑income housing tax credit program to be used to offset taxes imposed under the state's transient accommodations tax law, limited to the state TAT imposed in the same county where the qualified low‑income building is located. The bill also makes permanent Act 129 of 2016.
Committee members raised no recorded questions or requested amendments during decision making; the tourism committee and the economic development committee both recorded votes adopting the chair's recommendation to pass the bill unamended. The clerk recorded that the chair and vice chair voted aye in committee, that Representative Hassy was excused, and that other members present voted in favor.
The measure was advanced out of committee for further consideration.
