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52Nov 3 election

Relating to the Individual Housing Account Program.

It became law on Jul 9.

HI SB 2552 · Senate Bill · 2026

Stage
Became law
Started in
Senate
Sponsors
Latest action
Jul 9

Where it stands

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Jul 9

What it does

For taxable years beginning 1/1/2027: (1) increases the maximum annual and total allowable deduction for contributions to individual housing accounts for income tax deductions; and (2) increases the maximum allowable contributions for individual housing accounts to qualify for the income tax deductions. Repeals outdated language applicable to first‑time home purchases made before 1/1/1990, by persons with an individual housing account. (CD1)

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Where it goes next

Law in Hawaii. Agencies now write the rules that carry it out, and courts can stay or strike it.

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Who is involved

HI SB 2552
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Sponsors

The lawmakers who put their names on it, lead sponsors first.

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RELATING TO THE INDIVIDUAL HOUSING ACCOUNT PROGRAM. | 52