comscore Effort to tax REITs stalls with senator gifted by them
Hawaii News

Effort to tax REITs stalls with senator gifted by them

  • DENNIS ODA / 2016

    This year a bill to eliminate the deduction for most REITs was approved by the House in a 47-3 vote, but stalled in the Senate when Sen. Rosalyn Baker (D, West Maui-South Maui) refused to consider it in her Senate Commerce, Consumer Protection and Health Committee.

A years-long effort to begin taxing dividends paid out to investors by some of the largest commercial property owners in Hawaii was blocked this year by state Sen. Rosalyn Baker, a lawmaker who has received substantial campaign donations from lobbyists and executives who represent some of those same investors. Read more

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