SB 2512

RELATING TO THE INCOME TAXATION

By Senator(s) TAM

Keywords: BUSINESS ENTERPRISES, INCOME TAX, TAX DEDUCTIONS, TAXATION

Report Title: Business Expense Deduction

Description: Increases income tax deductions for businesses from 50% to 100% for meals and entertainment expenses. Allows business entertainment deduction for club dues.

 1-21-00        S Introduced and passed First Reading                      
 1-24-00        S Referred to WAM                                          
 2- 8-00        S Bill scheduled to be heard by WAM on 02-11-00 at
                  9:00 a.m. in conference room 211.
 2-11-00        S The measure is deferred until 02-15-00 at 9:00 a.m.         
                  in conference room 211.
 2-15-00        S The committee on WAM recommends that the measure be         
                  PASSED, UNAMENDED.
 2-15-00        S The votes in WAM were as follows: 12 Ayes:
                  Senator(s) Fukunaga, Levin, Buen, Chun, Chun
                  Oakland, D. Ige, M. Ige, Kawamoto, Nakata, Tam,
                  Taniguchi, Anderson; Ayes with reservations:
                  Senator(s) ; none Noes: Senator(s) ; and 1 Excused:         
                  Senator(s) Iwase
 3- 1-00        S Reported from WAM (Stand. Com. Rep. No. 2448) with
                  recommendation of passage on Second Reading and
                  placement on the calendar for Third Reading
 3- 1-00        S Report adopted; Passed Second Reading                    
 3- 1-00        S One day notice                                           
 3- 2-00        S Passed Third Reading. Ayes, 23.  Noes, none (). 
                  Excused, 2 (M. Ige, Tam).
 3- 2-00        S Transmitted to House                                     
 3- 2-00        H Received from Senate (Sen. Com. No. 23)                  
 3- 3-00        H Introduced and passed First Reading                      
 3- 7-00        H Referred to the committees on 1. EDB 2. FIN ,
                  referral sheet 28