SB 2437 appropriates state funds for physical capital improvement projects (like roads, parks, or public buildings) specifically within the 15th senatorial district. This bill directly affects residents and local infrastructure in that district by providing funding for local capital needs. The bill is in its earliest stage (introduced January 22, 2026) and focuses solely on allocating resources without specifying particular projects or creating new policies. As a procedural funding measure, it does not change existing laws or impose new requirements.
Amends the tax credit for research activities by: allowing qualifying taxpayers to claim the credit for all qualified research expenses without regard to the amount of expenses for previous years; amending from March 31 to March 1 the deadline for qualified high technology businesses to submit to the Department of Business, Economic development, and Tourism written, certified statements identifying qualified expenditures and the tax amount of tax credits claimed in the previous taxable year; for any taxable year the annual aggregate cap is reached, requiring the credit to be divided between all qualified high technology businesses in proportion to the amount of qualified research expenses claimed; and requiring DBEDT to establish an annual application period and notify each qualified high technology business applicant of the credit amount certified. Applies to costs incurred beginning after 12/31/2025. Repeals the credit on 1/1/2029. Effective 7/1/3050. (SD2)
HB 142 allocates state funds for capital improvement projects, such as road repairs, public building upgrades, or infrastructure enhancements, within the eighth representative district. The bill directly benefits residents and local entities in that district by providing financial resources for physical improvements. Key provisions include the specific appropriation of state budget funds for projects in the eighth district, as stated in the bill's abstract. The bill was introduced in January 2025 and is currently pending in the 2026 legislative session after being carried over.
Clarifies that a partner or member that is a partnership or limited liability company that has been allocated a low-income housing tax credit may either further allocate the credit or transfer, sell, or assign all or a portion of the credit to any person. Extends the sunset date of Act 129, SLH 2016, relating to the low-income housing tax credit, from 12/31/2027 to 12/31/2032. Effective 7/1/3000. (HD2)
Establishes a nonrefundable income tax credit for taxpayers that incur costs related to the design, materials, installation, and construction of hurricane-resistant safe rooms. Effective 7/1/2077. (SD1)
Establishes the Malama Aina Visitor Impact Tax Program within the Department of Business, Economic Development, and Tourism to allocate funds to state agencies to improve the quality of visitor experience to sustain the economic benefits contributed by the visitor industry and protect, restore, and manage the State's natural and cultural resources. Establishes the Malama Aina Visitor Impact Tax Special Fund to fund the program. Increases the transient accommodations tax by one per cent from 1/1/2026 to 12/31/2030 and requires the additional tax revenues to be deposited into the Special Fund. Requires the Department to submit annual reports to the Legislature. Repeals 12/31/2030.
Appropriates moneys from the Act 279 Special Fund for the Department of Hawaiian Home Lands to purchase a parcel of land identified as tax map key: (1) 9-1-013-025. Effective 7/1/2050. (SD2)
Requires each county to apply any applicable real property tax exemptions, reduced assessments, or tax classifications for any affordable housing subject to income, resale, or occupancy restrictions as of the date a qualifying owner takes title to the affordable housing for the upcoming tax period, consistent with county procedures. Effective 4/19/2042. (SD1)
Permanently increases the state earned income tax credit to fifty per cent of the federal earned income tax credit. Applies to taxable years beginning after 12/31/2024.
Establishes the Combined Housing Operational Agriculture Mobilization Program to assist bona fide farmers to live and farm on agricultural lands. For taxable years beginning 1/1/2026, establishes a tax credit for land donated to the Program. Appropriates funds. Effective 7/1/2050. (SD1)
