HB 1957

  • Hawaii House Bill
  • 2024 Regular Session
  • Introduced in House Mar 07, 2024
  • Passed House Mar 05, 2024
  • Senate
  • Governor

Relating To Research Activities.

Abstract

Repeals the provision that made references to the base amount in the Internal Revenue Code inapplicable to the research activities tax credit and allowed credits for all qualified research expenses to be taken without regard to previous years expenses. Narrows the qualifying criteria for research activities tax credits to applicants who are small businesses registered in the State. Increases the maximum amount of tax credits that can be certified per year. Extends the sunset date of the research activities tax credit by five years. Effective 7/1/3000. (HD2)

Bill Sponsors (7)

Votes


Actions


Mar 07, 2024

Senate

Referred to EET, WAM.

  • Referral-Committee
Energy, Economic Development, and Tourism Ways and Means

Senate

Passed First Reading.

Senate

Received from House (Hse. Com. No. 269).

Mar 05, 2024

House

Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.

Mar 01, 2024

House

Forty-eight (48) hours notice Tuesday, 03-05-24.

House

Reported from FIN (Stand. Com. Rep. No. 929-24) as amended in HD 2, recommending passage on Third Reading.

Feb 26, 2024

House

The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Cochran, Ward.

Feb 23, 2024

House

Bill scheduled for decision making on Monday, 02-26-24 4:00PM in conference room 308 VIA VIDEOCONFERENCE.

Feb 22, 2024

House

The committee(s) on FIN recommend(s) that the measure be deferred until 02-26-24.

Feb 20, 2024

House

Bill scheduled to be heard by FIN on Thursday, 02-22-24 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.

Feb 13, 2024

House

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) Kila, Takayama excused (2).

  • Reading-2
  • Referral-Committee
Finance

House

Reported from ECD (Stand. Com. Rep. No. 294-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

Feb 07, 2024

House

The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Holt, Lamosao, Hussey-Burdick, Kong, Nakamura, Quinlan, Pierick; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) La Chica.

Feb 02, 2024

House

Bill scheduled to be heard by ECD on Wednesday, 02-07-24 10:30AM in House conference room 423 VIA VIDEOCONFERENCE.

Jan 29, 2024

House

Re-referred to ECD, FIN, referral sheet 5

  • Referral-Committee
Economic Development Finance

Jan 24, 2024

House

Referred to ECD/HET, FIN, referral sheet 1

  • Referral-Committee
Economic Development Higher Education & Technology Finance

Jan 22, 2024

House

Introduced and Pass First Reading.

Jan 19, 2024

House

Pending introduction.

Bill Text

Bill Text Versions Format
HB1957 PDF

Related Documents

Document Format
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Sources

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