RELATING TO TAXATION.
Summary
Provides that up to $50,000 per year in income earned and proceeds derived from stock options or stock by an employee from a qualified high technology business, as defined therein, or an investor who qualifies for a high technology business investment tax credit, shall be excluded from taxation, provided that amounts in excess of $50,000 in the taxable year shall be taxed at the applicable income tax rate. (SD1)
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2021
Last action Feb 18, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
2
Committee
5
Feb 18, 2021
Committee
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
upper
Feb 18, 2021
Committee
Reported from EET (Stand. Com. Rep. No. 346) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
upper
Feb 10, 2021
Upper · Passed
The committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 4 Aye(s): Senator(s) Wakai, Misalucha, Riviere, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Lee.
upper
Feb 5, 2021
Upper · Passed
The committee(s) on EET has scheduled a public hearing on 02-10-21 3:00PM in conference room 224.
upper
Jan 29, 2021
Committee
Referred to EET, WAM.
upper
Jan 22, 2021
Introduced
Introduced.
upper
6 primary · 0 co-sponsors
Sponsors
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