Hawaii HB947 disallows dividends paid deductions for real estate investment trusts, subjecting them to the same tax treatment as dividends from other.
Hawaii HB947 amends the state tax code to disallow deductions for dividends paid by real estate investment trusts (REITs). Instead, these dividends will be subject to the same tax treatment as dividends from other corporations. The bill specifies which sections of the Internal Revenue Code will not apply to this change, including certain deductions and credits. This change will take effect for taxable years beginning after December 31, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.