SB 970 Hawaii Senate · 2025 Regular Session

RELATING TO TAXATION.

Summary

Authorizes a tax credit for businesses that pay the public transportation costs of employees. Applies to counties having populations of 700,000 or more. Applies for taxable years beginning after 12/31/2024 but not beginning after 12/31/2029. Requires reports to the Legislature. Effective 7/1/2050. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 17, 2025 Last action Feb 14, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB970 → SB970_SD1 · 3 edits

MINOR

The bill text was reformatted from a standard legislative document to a structured data format, with the effective date changed from 'upon approval' to July 1, 2050. The substantive policy content regarding the tax credit for public transportation remains unchanged, though the definition of public transportation was expanded to include bicycle share programs.

Scope change

The bill's effective date was modified to apply to taxable years beginning after December 31, 2024, with a delayed effective date of July 1, 2050, while the credit remains available for taxable years beginning after December 31, 2024 but not after December 31, 2029.

TIMELINE

The effective date was changed from 'upon approval' to July 1, 2050, significantly delaying when the law takes effect despite the credit being available for years starting after 2024.

DEFINITION

The definition of 'public transportation' was expanded to include bicycle share programs or memberships that provide access to bicycles.

TECHNICAL

The document format was converted from standard legislative text to a structured data format with metadata headers.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 14, 2025

Committee

Reported from TCA/EIG (Stand. Com. Rep. No. 614) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 11, 2025

Upper · Passed

The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 4 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

upper

Feb 11, 2025

Upper · Passed

The committee(s) on TCA recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in TCA were as follows: 4 Aye(s): Senator(s) Lee, C., Elefante, Kanuha, DeCorte; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Inouye.

upper

Feb 5, 2025

Upper · Passed

The committee(s) on TCA/EIG has scheduled a public hearing on 02-11-25 3:00PM; Conference Room 224 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to TCA/EIG, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

3 primary · 0 co-sponsors