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Measure details
Measure Title: RELATING TO TAX CREDIT FOR RESEARCH ACTIVITIES.
Report Title: DBEDT; Tax Credit; Research Activities; Qualified High Technology Businesses; Annual Cap; Tax Credit Distribution; Certification
Description: 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)
Companion:  SB3213
Package: None
Current Referral: EDT, WAM
Introducer(s): NAKAMURA, HARTSFIELD, ILAGAN, KEOHOKAPU-LEE LOY, KITAGAWA, KUSCH, MIYAKE, MORIKAWA, PERRUSO, TEMPLO
Act:

Measure Status History

Sort by Date
DateChamberStatus Text
5/1/2026SConference committee meeting to reconvene on 05-01-26 5:40 PM; Conference Room 309.
5/1/2026SConference committee meeting to reconvene on 05-01-26 5:37 PM; Conference Room 329.
5/1/2026HConference Committee Meeting will reconvene on Friday, 05-01-26 at 4:31PM in Conference Room 411.
5/1/2026HConference Committee Meeting will reconvene on Friday, 05-01-26 at 11:30AM in Conference Room 411.
4/30/2026HConference Committee Meeting will reconvene on Friday 05-01-26 8:01AM in conference room 411.
4/28/2026HBill scheduled for Conference Committee Meeting on Thursday, 04-30-26 8:30AM in conference room 411.
4/23/2026HReceived notice of Senate conferees (Sen. Com. No. 725).
4/22/2026SSenate Conferees Appointed: DeCoite Chair; Wakai Co-Chair; Fevella.
4/20/2026SReceived notice of appointment of House conferees (Hse. Com. No. 786).
4/20/2026HHouse Conferees Appointed: Ilagan, Hussey Co-Chairs; Tam, Gedeon.
4/17/2026SReceived notice of disagreement (Hse. Com. No. 780).
4/16/2026HHouse disagrees with Senate amendment (s).
4/14/2026HReturned from Senate (Sen. Com. No. 701) in amended form (SD 2).
4/14/2026SReport adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
4/9/2026S48 Hrs. Notice 04-14-26.
4/9/2026SReported from WAM (Stand. Com. Rep. No. 3686) with recommendation of passage on Third Reading, as amended (SD 2).
4/6/2026SThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Lee, C..
4/1/2026SThe committee(s) on WAM deferred the measure until 04-06-26 10:31AM; Conference Room 211 & Videoconference.
3/30/2026SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
3/30/2026SThe committee(s) on WAM will hold a public decision making on 04-01-26 10:03AM; Conference Room 211 & Videoconference.
3/30/2026SReported from EDT (Stand. Com. Rep. No. 3238) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
3/24/2026SThe committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Kim, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fukunaga.
3/20/2026SThe committee(s) on EDT has scheduled a public hearing on 03-24-26 1:04PM; Conference Room 229 & Videoconference.
3/12/2026SReferred to EDT, WAM.
3/12/2026SPassed First Reading.
3/12/2026SReceived from House (Hse. Com. No. 435).
3/10/2026HPassed Third Reading as amended in HD 2 with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Pierick excused (1). Transmitted to Senate.
3/6/2026HForty-eight (48) hours notice Tuesday, 03-10-26.
3/6/2026HReported from FIN (Stand. Com. Rep. No. 1111-26) as amended in HD 2, recommending passage on Third Reading.
3/2/2026HThe committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.
2/27/2026HBill scheduled to be heard by FIN on Monday, 03-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2/19/2026HPassed 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 none excused (0).
2/19/2026HReported from ECD (Stand. Com. Rep. No. 511-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/13/2026HThe committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Yamashita, Gedeon; Ayes with reservations: none; Noes: none; and Excused: none.
2/10/2026HBill scheduled to be heard by ECD on Friday, 02-13-26 8:30AM in House conference room 423 VIA VIDEOCONFERENCE.
2/2/2026HReferred to ECD, FIN, referral sheet 6
1/28/2026HIntroduced and Pass First Reading.

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All Versions of this Measure

HB2546_SD2 Link to HB2546_SD2 .PDF file
HB2546_HD2 Link to HB2546_HD2 .PDF file
HB2546_SD1 Link to HB2546_SD1 .PDF file
HB2546_HD1 Link to HB2546_HD1 .PDF file
HB2546 Link to HB2546 .PDF file

Committee Reports

HB2546_HD1_HSCR511-26_ Link to committee report HB2546_HD1_HSCR511-26_ .PDF file (opens in new window)
HB2546_HD2_HSCR1111-26_ Link to committee report HB2546_HD2_HSCR1111-26_ .PDF file (opens in new window)
HB2546_SD1_SSCR3238_ Link to committee report HB2546_SD1_SSCR3238_ .PDF file (opens in new window)
HB2546_SD2_SSCR3686_ Link to committee report HB2546_SD2_SSCR3686_ .PDF file (opens in new window)

Testimony

HB2546_TESTIMONY_ECD_02-13-26_
HB2546_HD1_TESTIMONY_FIN_03-02-26_
HB2546_HD2_TESTIMONY_EDT_03-24-26_
HB2546_SD1_TESTIMONY_WAM_04-01-26_

Hearing Notices

ECD
2/13/26 8:30A
423 VIA VIDEOCONFERENCE
FIN
3/02/26 2:00P
308 VIA VIDEOCONFERENCE
EDT
3/24/26 1:04P
CR 229 & Videoconference
WAM
4/01/26 10:03A
CR 211 & Videoconference
WAM
4/06/26 10:31A
CR 211 & Videoconference
CONF
4/30/26 8:30A
411
CONF
5/01/26 8:01A
411