THE SENATE
S.B. NO.
2234
THIRTY-THIRD LEGISLATURE, 2026
S.D. 1
STATE OF HAWAII
A BILL FOR AN ACT
RELATING TO HOUSING.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 201H-1, Hawaii Revised Statutes, is amended by amending the definition of "qualified nonprofit housing trust" to read as follows:
""Qualified nonprofit housing trust" means a corporation, association, or other duly chartered organization that [[Struck through: is]][Underlined: :]
[Underlined: (1)] [Underlined: Is] registered and in good standing with the State; [[Struck through: is]]
[Underlined: (2)] [Underlined: Is] recognized by the Internal Revenue Service as a charitable or otherwise tax-exempt organization under section 501(c)(3) of the Internal Revenue Code of 1986, as amended; [[Struck through: and has]]
[Underlined: (3)] [Underlined: Has] the capacity, resources, and mission to carry out the purposes of this chapter as determined by the corporation[[Struck through: .]][Underlined: ; and]
[Underlined: (4)] [Underlined: Exclusively serves qualified residents as defined in section 2][Underlined: 01H-32.]"
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2050.
Report Title:
Housing; Qualified Nonprofit Housing Trusts; Qualified Residents
Description:
Clarifies the definition of "qualified nonprofit housing trust" in chapter 201H, Hawaii Revised Statutes, to require qualifying organizations to exclusively serve "qualified residents" as defined in section 201H-32, Hawaii Revised Statutes. Effective 7/1/2050. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.