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SB678 SD1     
Report Title: Capital Infrastructure Tax Credit; Kapalama Container Terminal Project; Displaced Tenants
Description: Includes structures, machinery, equipment, and capital assets in the definition of capital infrastructure costs. Sets a new maximum amount of capital infrastructure tax credits that may be issued in any taxable year per qualified infrastructure tenant. Specifies that excess tax credits may be carried forward. Specifies that special purpose entities may qualify as a qualified infrastructure tenant. Prohibits the qualified infrastructure tenant, together with all special purpose entities, from claiming any credit in any one year that exceeds $2,500,000. Provides penalty for failure to timely file required information. (SD1)
Package: None
Current Referral: TRE, WAM
Introducer(s): KIDANI, INOUYE, NISHIHARA, Dela Cruz, K. Kahele, K. Rhoads, Shimabukuro

Sort by Date Status Text
2/15/2017SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/15/2017SReported from TRE (Stand. Com. Rep. No. 245) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/10/2017SThe committee(s) on TRE recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in TRE were as follows: 4 Aye(s): Senator(s) Inouye, Dela Cruz, Harimoto, Shimabukuro; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) English.
2/7/2017SThe committee(s) on TRE has scheduled a public hearing on 02-10-17 1:15PM in conference room 225.
1/23/2017SReferred to TRE, WAM.
1/23/2017SPassed First Reading.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB678 SD1
All Versions of this Measure

Committee Reports

Hearing Notices
2/10/17 1:15P