SB 2599 Hawaii Senate · 2022 Regular Session

RELATING TO THE TAX CREDIT FOR RESEARCH ACTIVITIES.

Summary

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. Increases 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, first-served basis to be based on the date that a complete application is received, subject to certain conditions. Effective 10/18/2050. (HD2)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2022

Committee Review

Apr 2022

Senate Passage

Mar 2022

House Passage

Apr 2022

Governor

Introduced Jan 21, 2022 Last action Apr 20, 2022

Floor votes · Senate Mar 8, 2022 · House Apr 12, 2022

How they voted

24–0

Passed · 1 other

Total votes 25

Mar 8, 2022

D Democratic24

24 Yea

100% Yea

R Republican1

0% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 14, 2022

Introduced

Senate disagrees with House amendments.

upper

Apr 14, 2022

Introduced

Received from House (Hse. Com. No. 633).

upper

Apr 12, 2022

Lower · Passed

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

lower

Apr 4, 2022

Lower · Passed

The committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Luke, Yamashita, Branco, Eli, Holt, Ilagan, B. Kobayashi, Marten, Nishimoto, Perruso, Sayama, Tam, Todd, Wildberger; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) McDermott.

lower

Mar 23, 2022

Committee

Reported from ECD (Stand. Com. Rep. No. 1246-22) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 18, 2022

Lower · Passed

The committees on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Quinlan, Holt, Belatti, D. Kobayashi, Onishi, Sayama, Takayama, Okimoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

lower

Mar 10, 2022

Committee

Referred to ECD, FIN, referral sheet 24

lower

Mar 8, 2022

Introduced

Received from Senate (Sen. Com. No. 261) in amended form (SD 1).

lower

Mar 8, 2022

Upper · Passed

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

upper

Feb 22, 2022

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, Inouye, Kanuha, Kidani, Misalucha, Moriwaki, Shimabukuro, Taniguchi, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 18, 2022

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-22-22 10:10AM; Conference Room 211 & Videoconference.

upper

Feb 2, 2022

Upper · Passed

The committee on WAM deferred the measure.

upper

Jan 27, 2022

Upper · Passed

The committee(s) on WAM has scheduled a public hearing on 02-02-22 10:00AM; CR 211 & Videoconference.