There is a hearing on Wednesday, February 1, 2007 at 8:30 a.m. in room 329 on a bill of interest to community associations before the House Human Services & Housing Committee before Chair, Rep. Maile S. L. Shimabukuro. The hearing notice discusses the following bills of interest to community associations:

HB734 will exclude from income taxation 100% of capital gains realized from the sale of leased fee interest in residential house lot or multi-family residential leasehold property to a lessee, association of apartment owners, or cooperative, subject to an aggregate cap of $800,000 per year.

AS THIS IS A DECISION MAKING MEETING ONLY, NO PUBLIC TESTIMONY WILL BE ACCEPTED.