Clarifies that the eligibility for the general excise tax exemption includes the nonreceipt of financing from the Hawaii Finance and Development Corporation. Allows certain affordable rental housing projects to receive a waiver of various development fees from a county. Removes the limit on the type of costs eligible for exemption from the general excise tax for development of affordable rental housing certified by the Hawaii Housing Finance and Development Corporation. Effective 7/1/2050. (HD1)

Statutes affected:
SB39: 104-2, 201H-36
SB39 HD1: 104-2, 201H-36
SB39 SD1: 104-2, 201H-36
SB39 SD2: 104-2, 201H-36