Hawaii Governor David Ige announced June 24 the legislative bills he is intending to veto. Included in that list was SB 301 , legislation which would disallow the REIT dividends paid deduction for four years for Hawaii income tax purposes. For more information, please see this Nareit Alert.
More information about REITs in Hawaii is available at www.theREITWayHawaii.com.
(Contact: Dara Bernstein at firstname.lastname@example.org)