| Measure Title: |
RELATING TO TAX CREDITS FOR RESEARCH ACTIVITIES.
|
| Report Title: |
Research Activities; Tax Credit
|
| Description: |
Limits the tax credits for research activities each taxpayer may receive to $1,500,000 per taxable year. Requires that every qualified high technology business be registered to do business in the State and occupy a business location and address in the State where at least seventy-five per cent of the company's employees are located to be eligible to receive tax credits for research activities. Increases the amount of available certified credits from $5,000,000 per year to $15,000,000 per year. Extends the sunset date for tax credits for research activities from December 31, 2024 to December 31, 2029.
|
| Companion: |
|
| Package: |
None
|
| Current Referral: |
EET, WAM
|
| Introducer(s): |
KEOHOKALOLE, AQUINO, KEITH-AGARAN, MCKELVEY
|
| Act: |
|
| Sort by Date | | Status Text |
| 12/11/2023 | D | Carried over to 2024 Regular Session. |
| 1/25/2023 | S | Referred to EET, WAM. |
| 1/20/2023 | S | Passed First Reading. |
| 1/20/2023 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB443