Disallows dividends paid deduction for real estate investment trusts. Applies to taxable years beginning after 12/31/2020. Sunsets 12/31/2023. Takes effect on 7/1/2112. (HD1)
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Har voting aye with reservations; Representative(s) Okimoto voting no (1) and Representative(s) Holt, Takayama excused (2).
Reported from EDB (Stand. Com. Rep. No. 604-20) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
The committees on EDB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) McKelvey, Kitagawa, Eli, Ichiyama, Johanson; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Quinlan, Yamashita, Matsumoto.
The committee(s) on EDB recommend(s) that the measure be deferred until 02-07-20.
Bill scheduled for decision making on Friday, 02-07-20 9:30AM in conference room 309.
Bill scheduled to be heard by EDB on Wednesday, 02-05-20 9:35AM in House conference room 309.
Introduced and Pass First Reading.
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