SB 1314 Hawaii Senate · 2019 Regular Session

RELATING TO TAX CREDITS.

Summary

Amends the research activity tax credit so that references to the base amount in section 41 of the Internal Revenue Code shall not apply, and credit for all qualified research expenses may be taken without regard to the amount of expenses for previous years. Transfers certification duties from the Department of Taxation to the Department of Business, Economic Development, and Tourism, which shall identify to the Legislature taxpayers who apply for the tax credit. Establishes an annual aggregate cap of $5,000,000. Extends the research activity tax credit through 2024. Repeals the research activity tax credit on 12/31/2024. (CD1)

Bill status signed all 5 stages cleared

Introduction

Jan 2019

Committee Review

Apr 2019

Senate Passage

Apr 2019

House Passage

Apr 2019

Signed into Law

Jul 2019

Introduced Jan 24, 2019 Signed Jul 9, 2019

Floor votes · Senate Mar 5, 2019 · House Apr 4, 2019

How they voted

24–0

Passed · 1 other

Total votes 25

Mar 5, 2019

D Democratic24

23 Yea 1

95% Yea

R Republican1

1 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jul 9, 2019

Signed into law

Act 261, 07/05/2019 (Gov. Msg. No. 1363).

upper

Jul 9, 2019

Signed into law

Act 261, on 07/05/2019 (Gov. Msg. No. 1363).

lower

Apr 26, 2019

Lower · Passed

Reported from Conference Committee (Conf Com. Rep. No. 133) as amended in (CD 1).

lower

Apr 26, 2019

Introduced

48 Hrs. Notice (as amended CD 1) 04-30-19.

upper

Apr 26, 2019

Upper · Passed

Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 133).

upper

Apr 25, 2019

Lower · Passed

The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) McKelvey, Kitagawa, Cullen, McDermott; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

lower

Apr 25, 2019

Upper · Passed

The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Apr 24, 2019

Upper · Passed

Conference committee meeting scheduled for 04-25-19 3:45PM in conference room 309.

upper

Apr 22, 2019

Committee

Re-referred to EDB, FIN, referral sheet 56

lower

Apr 5, 2019

Introduced

Senate disagrees with House amendments.

upper

Apr 5, 2019

Introduced

Received from House (Hse. Com. No. 592).

upper

Apr 4, 2019

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Nishimoto, Quinlan excused (2). Transmitted to Senate.

lower

Mar 15, 2019

Lower · Passed

The committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Luke, Cullen, Eli, Gates, Hashimoto, Holt, Kitagawa, B. Kobayashi, Matayoshi, Nishimoto, Todd, Wildberger, Yamashita, McDermott; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Nakamura.

lower

Mar 7, 2019

Committee

Referred to FIN, referral sheet 27

lower

Mar 5, 2019

Introduced

Received from Senate (Sen. Com. No. 445) in amended form (SD 1).

lower

Mar 5, 2019

Upper · Passed

Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Harimoto). Transmitted to House.

upper

Feb 20, 2019

Upper · Passed

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, English, Inouye, K. Kahele, Kanuha, Kidani, Moriwaki, Shimabukuro, Taniguchi, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Harimoto, Riviere.

upper

Feb 15, 2019

Upper · Passed

The committee(s) on WAM has scheduled a public hearing on 02-20-19 10:00AM in conference room 211.

upper

Jan 28, 2019

Committee

Referred to WAM.

upper

Jan 24, 2019

Introduced

Introduced.

upper

5 primary · 0 co-sponsors