Jarrett Keohokalole
- Democratic
- Senator
- District 24
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. Requires a qualified high technology business to be registered to do business in the State and be a small business in order to be eligible for the tax credit. Consolidates the survey and certification requirements for tax credits for research activities. Amends the annual aggregate cap on tax credits for research activities that the Department of Business, Economic Development, and Tourism may certify. 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 7/1/2050. (HD1)
Carried over to 2024 Regular Session.
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) Ilagan excused (1).
Reported from ECD (Stand. Com. Rep. No. 1499) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
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.
Bill scheduled to be heard by ECD on Wednesday, 03-22-23 9:30AM in House conference room 423 VIA VIDEOCONFERENCE.
Pass First Reading
Received from Senate (Sen. Com. No. 318) in amended form (SD 2).
Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Fukunaga). Transmitted to House.
48 Hrs. Notice 03-07-23.
Reported from WAM (Stand. Com. Rep. No. 896) with recommendation of passage on Third Reading, as amended (SD 2).
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Aquino, Inouye, Kanuha, Kim, Lee, Moriwaki, Shimabukuro, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) DeCoite, Kidani.
The committee(s) on WAM deferred the measure until 02-27-23 10:30AM; Conference Room 211.
The committee(s) on WAM will hold a public decision making on 02-22-23 10:00AM; Conference Room 211 & Videoconference.
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Reported from EET (Stand. Com. Rep. No. 280) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
The committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 5 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
The committee(s) on EET has scheduled a public hearing on 02-09-23 1:03PM; Conference Room 229 & Videoconference.
Referred to EET, WAM.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
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| SB951 |
| Document | Format |
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| No related documents. |
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