Measure Title: RELATING TO RESEARCH ACTIVITIES.
Report Title: Tax Credit for Research Activities; Small Business
Description: Repeals the provision that made references to the base amount in the Internal Revenue Code inapplicable to the research activities tax credit and allowed credits for all qualified research expenses to be taken without regard to previous years expenses. Narrows the qualifying criteria for research activities tax credits to applicants who are small businesses registered in the State. Increases the maximum amount of tax credits that can be certified per year. Extends the sunset date of the research activities tax credit by five years. Effective 7/1/3000. (HD2)
Companion:
Package: None
Current Referral: EET, WAM
Introducer(s): HOLT, KILA, LAMOSAO, MARTEN, MATAYOSHI, MIYAKE, WOODSON
Act:

Sort by Date Status Text
3/7/2024SReferred to EET, WAM.
3/7/2024SPassed First Reading.
3/7/2024SReceived from House (Hse. Com. No. 269).
3/5/2024HPassed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.
3/1/2024HForty-eight (48) hours notice Tuesday, 03-05-24.
3/1/2024HReported from FIN (Stand. Com. Rep. No. 929-24) as amended in HD 2, recommending passage on Third Reading.
2/26/2024HThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Cochran, Ward.
2/23/2024HBill scheduled for decision making on Monday, 02-26-24 4:00PM in conference room 308 VIA VIDEOCONFERENCE.
2/22/2024HThe committee(s) on FIN recommend(s) that the measure be deferred until 02-26-24.
2/20/2024HBill scheduled to be heard by FIN on Thursday, 02-22-24 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
2/13/2024HPassed 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) Kila, Takayama excused (2).
2/13/2024HReported from ECD (Stand. Com. Rep. No. 294-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/7/2024HThe 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 1 Excused: Representative(s) La Chica.
2/2/2024HBill scheduled to be heard by ECD on Wednesday, 02-07-24 10:30AM in House conference room 423 VIA VIDEOCONFERENCE.
1/29/2024HRe-referred to ECD, FIN, referral sheet 5
1/24/2024HReferred to ECD/HET, FIN, referral sheet 1
1/22/2024HIntroduced and Pass First Reading.
1/19/2024HPending introduction.

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

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HB1957 HD2
All Versions of this Measure
HB1957_HD2 Pdf File
HB1957_HD1 Pdf File
HB1957 Pdf File
Committee Reports
HB1957_HD1_HSCR294-24_ Pdf File
HB1957_HD2_HSCR929-24_ Pdf File
Testimony
HB1957_TESTIMONY_ECD_02-07-24_
HB1957_HD1_TESTIMONY_FIN_02-22-24_
Hearing Notices
ECD
2/07/24 10:30A
423 VIA VIDEOCONFERENCE
FIN
2/22/24 10:00A
308 VIA VIDEOCONFERENCE
FIN
2/26/24 4:00P
308 VIA VIDEOCONFERENCE