SB 927 Hawaii Senate · 2022 Regular Session

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 Dec 10, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

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

2 primary · 4 co-sponsors