Scott Nishimoto
- Democratic
- Representative
- District 23
Primary
Adds a cap for the amount of tax credits for research activities that an eligible taxpayer and the taxpayer's related entities may receive per taxable year. Consolidates the survey and certification requirements for tax credits for research activities. Excludes research funded by any grant, forgivable loan, or other amounts not included in gross income from qualified research expenses. Requires certification of the tax credits for research activities on a first-come, firstserved basis to be based on the date that a complete application is received, subject to certain conditions. Extends from 12/31/2024 to 12/31/2029, the sunset date for tax credits for research activities. Effective 7/1/3000. (HD1)
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
Reported from HET (Stand. Com. Rep. No. 539-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
The committee on HET recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Perruso, Kapela, La Chica, Marten, Martinez, M. Mizuno, Woodson, Garcia; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Matayoshi, Quinlan, Todd.
Bill scheduled for decision making on Wednesday, 02-14-24 2:00PM in conference room 309 VIA VIDEOCONFERENCE.
The committee(s) on HET recommend(s) that the measure be deferred until Wednesday, 02-14-24.
Bill scheduled to be heard by HET on Wednesday, 02-07-24 2:00PM in House conference room 309 VIA VIDEOCONFERENCE.
Referred to HET, FIN, referral sheet 1
Introduced and Pass First Reading.
Pending introduction.
| Bill Text Versions | Format |
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| HB1788 |
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| No related documents. |
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