REITs

Ryan Finnerty
Ryan Finnerty

Hawaii Governor David Ige on Monday announced he plans to veto a bill that would require short-term rental booking platforms to collect state taxes. The measure, S.B. 1292, was passed by the state Senate last month by a single vote.

Wikimedia Commons

Hawaii lawmakers are on the path to eliminating a decades’ old exemption on corporate taxes for a certain class of real estate company. Real Estate Investment Trusts, or REITs, were created in Congress in 1960 and their profits are exempt from taxes by the federal government and 49 states.

Pinterest

REITs Tax ExemptionBishop Museum, Flies & Biological Survey; Mayor Kirk Caldwell

Wikimedia Commons

Raising Taxes on REITs; Arting and Writing; Oral History Project Waikiki Segment

Daniel Ramirez / Flickr / CC By 2.0

A bill is advancing through the Legislature that would eliminate a tax deduction for Real Estate Investment Trusts.

Olelo Television

There are bills moving through the legislature in both houses that aim to tax currently exempt corporate businesses.