Measure Title: RELATING TO THE TAX CREDIT FOR RESEARCH ACTIVITIES.
Report Title: DBEDT; Tax Credit for Research Activities; Requirements; Survey; Certification; Caps
Description: 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. Excludes research funded by any grant, forgivable loan, or other amounts not included in gross income from qualified research expenses. 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 12/31/2024 to 12/31/2029, the sunset date for tax credits for research activities. Effective 7/1/3000. (HD1)
Companion:
Package: None
Current Referral: HET, FIN
Introducer(s): NISHIMOTO
Act:

Sort by Date Status Text
2/16/2024HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
2/16/2024HReported from HET (Stand. Com. Rep. No. 539-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/14/2024HThe committee on HET recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Perruso, Kapela, La Chica, Marten, Martinez, M. Mizuno, Woodson, Garcia; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Matayoshi, Quinlan, Todd.
2/12/2024HBill scheduled for decision making on Wednesday, 02-14-24 2:00PM in conference room 309 VIA VIDEOCONFERENCE.
2/7/2024HThe committee(s) on HET recommend(s) that the measure be deferred until Wednesday, 02-14-24.
2/2/2024HBill scheduled to be heard by HET on Wednesday, 02-07-24 2:00PM in House conference room 309 VIA VIDEOCONFERENCE.
1/24/2024HReferred to HET, FIN, referral sheet 1
1/19/2024HIntroduced and Pass First Reading.
1/18/2024HPending introduction.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB1788 HD1
All Versions of this Measure
HB1788_HD1 Pdf File
HB1788 Pdf File
Committee Reports
HB1788_HD1_HSCR539-24_ Pdf File
Testimony
HB1788_TESTIMONY_HET_02-07-24_
Hearing Notices
HET
2/07/24 2:00P
309 VIA VIDEOCONFERENCE
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HET
2/14/24 2:00P
309 VIA VIDEOCONFERENCE
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