HB 1193 Hawaii House · 2024 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. 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 December 31, 2024 to December 31, 2029, the sunset date for tax credits for research activities. Effective 7/1/2050. (SD2)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2023

Committee Review

Mar 2023

House Passage

Mar 2023

Senate Passage

Apr 2023

Governor

Introduced Jan 24, 2023 Last action Mar 20, 2024

Floor votes · Senate Mar 30, 2023

How they voted

13–0

Passed

Total votes 13

Mar 30, 2023

D Democratic12

12 Yea

100% Yea

R Republican1

1 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 13, 2023

Amended

House disagrees with Senate amendment (s).

lower

Apr 11, 2023

Introduced

Returned from Senate (Sen. Com. No. 849) in amended form (SD 2).

lower

Apr 11, 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) Keohokalole). Transmitted to House.

upper

Mar 30, 2023

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Aquino, DeCoite, Inouye, Kanuha, Kidani, Kim, Lee, Moriwaki, Shimabukuro, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Mar 30, 2023

Senate · Passed

Senate Vote: pass (13-0)

senate

Mar 28, 2023

Upper · Passed

The committee(s) on WAM will hold a public decision making on 03-30-23 10:05AM; Conference Room 211 & Videoconference.

upper

Mar 20, 2023

Committee

Reported from EET (Stand. Com. Rep. No. 1164) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Mar 14, 2023

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) DeCoite, Wakai, Kim, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fukunaga.

upper

Mar 10, 2023

Upper · Passed

The committee(s) on EET has scheduled a public hearing on 03-14-23 1:30PM; Conference Room 229 & Videoconference.

upper

Mar 10, 2023

Committee

Referred to EET, WAM.

upper

Mar 9, 2023

Introduced

Received from House (Hse. Com. No. 414).

upper

Mar 7, 2023

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.

lower

Mar 1, 2023

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Cochran, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Ward; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Alcos.

lower

Feb 15, 2023

Committee

Reported from ECD (Stand. Com. Rep. No. 471) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 8, 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 Excused: none.

lower

Jan 30, 2023

Committee

Referred to ECD, FIN, referral sheet 3

lower

Jan 25, 2023

Introduced

Introduced and Pass First Reading.

lower

Jan 24, 2023

Introduced

Pending introduction.