NAREIT submitted testimony in April 2015 to the Hawaii House of Representatives' Committees on Consumer Protection and Commerce and Judiciary in conjunction with a joint hearing on a proposal related to the dividends paid deduction (DPD).
The bill that was the subject of the hearing (S.B. 118, S.D. 1) originally proposed to eliminate the DPD for all real estate investment trusts in the state. It was changed to provide for a study on the impact of REITs operating in Hawaii.