Governor Ige Vetoes Anti-REIT Bill on July 9

On July 9, 2019, Hawaii Governor David Ige vetoed SB 301, which would have eliminated the REIT dividends paid deduction for four years. House and Senate leadership declined to convene a special legislative session to override this veto. Accordingly, the governor’s veto will stand.

Nareit will continue to oppose any anti-REIT legislation at the state level.

(Contact: Dara Bernstein at dbernstein@nareit.com)

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The Nareit Developments section on reit.com provides updates of Nareit's activities and key events impacting the REIT and commercial real estate industry. Nareit is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Please see our Terms of Use.