SB 951 Hawaii Senate · 2023 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. 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)

Bill status passed 4 of 5 stages cleared

Introduction

Jan 2023

Committee Review

Mar 2023

Senate Passage

Mar 2023

House Passage

Mar 2023

Governor

Introduced Jan 20, 2023 Last action Mar 24, 2023

Floor votes · Senate Mar 7, 2023 · House Mar 24, 2023

How they voted

24–0

Passed · 1 other

Total votes 25

Mar 7, 2023

D Democratic23

22 Yea 1

95% Yea

R Republican2

2 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 24, 2023

Committee

Reported from ECD (Stand. Com. Rep. No. 1499) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 24, 2023

House · Passed

House Vote: pass (50-0-1)

house

Mar 22, 2023

Lower · Passed

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.

lower

Mar 9, 2023

Committee

Referred to ECD, FIN, referral sheet 17

lower

Mar 7, 2023

Introduced

Received from Senate (Sen. Com. No. 318) in amended form (SD 2).

lower

Mar 7, 2023

Upper · Passed

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.

upper

Feb 27, 2023

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, 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.

upper

Feb 16, 2023

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-22-23 10:00AM; Conference Room 211 & Videoconference.

upper

Feb 15, 2023

Committee

Reported from EET (Stand. Com. Rep. No. 280) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 9, 2023

Upper · Passed

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.

upper

Feb 6, 2023

Upper · Passed

The committee(s) on EET has scheduled a public hearing on 02-09-23 1:03PM; Conference Room 229 & Videoconference.

upper

Jan 27, 2023

Committee

Referred to EET, WAM.

upper

Jan 20, 2023

Introduced

Introduced.

upper

2 primary · 1 co-sponsor