Measure Title: RELATING TO THE TAX CREDIT FOR RESEARCH ACTIVITIES.
Report Title: DBEDT; Tax Credit for Research Activities; Requirements; Survey; Certification; Caps
Description: 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)
Companion:
Package: None
Current Referral: ECD, FIN
Introducer(s): KEOHOKALOLE, CHANG, Keith-Agaran
Act:

Sort by Date Status Text
3/24/2023HPassed 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).
3/24/2023HReported from ECD (Stand. Com. Rep. No. 1499) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
3/22/2023HThe 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.
3/20/2023HBill scheduled to be heard by ECD on Wednesday, 03-22-23 9:30AM in House conference room 423 VIA VIDEOCONFERENCE.
3/9/2023HReferred to ECD, FIN, referral sheet 17
3/9/2023HPass First Reading
3/7/2023HReceived from Senate (Sen. Com. No. 318) in amended form (SD 2).
3/7/2023SReport 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.
3/3/2023S48 Hrs. Notice 03-07-23.
3/3/2023SReported from WAM (Stand. Com. Rep. No. 896) with recommendation of passage on Third Reading, as amended (SD 2).
2/27/2023SThe 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.
2/22/2023SThe committee(s) on WAM deferred the measure until 02-27-23 10:30AM; Conference Room 211.
2/16/2023SThe committee(s) on WAM will hold a public decision making on 02-22-23 10:00AM; Conference Room 211 & Videoconference.
2/15/2023SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/15/2023SReported from EET (Stand. Com. Rep. No. 280) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/9/2023SThe 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.
2/6/2023SThe committee(s) on EET has scheduled a public hearing on 02-09-23 1:03PM; Conference Room 229 & Videoconference.
1/27/2023SReferred to EET, WAM.
1/23/2023SPassed First Reading.
1/20/2023SIntroduced.

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

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SB951 SD2 HD1
All Versions of this Measure
SB951_SD2 Pdf File
SB951_SD1 Pdf File
SB951_HD1 Pdf File
SB951 Pdf File
Committee Reports
SB951_SD1_SSCR280_ Pdf File
SB951_SD2_SSCR896_ Pdf File
SB951_HD1_HSCR1499_ Pdf File
Testimony
SB951_TESTIMONY_EET_02-09-23_
SB951_SD1_TESTIMONY_WAM_02-22-23_
SB951_SD2_TESTIMONY_ECD_03-22-23_
Hearing Notices
EET
2/09/23 1:03P
CR 229 & Videoconference
View
WAM
2/22/23 10:00A
CR 211 & Videoconference
View
WAM
2/27/23 10:30A
CR 211
View
ECD
3/22/23 9:30A
423 VIA VIDEOCONFERENCE
View