Hawaii State Legislature

Bill Status

SB707 SD2 HD2

Generated on 8/13/2007 4:04:08 PM

Measure Title:
RELATING TO A NEW MARKETS TAX CREDIT.
Report Title:
Tax Credit; New Markets
Description:
Provides a new markets tax credit of percent of the amount paid to a qualified community development entity located in Hawaii to make a qualified equity investment. Requires taxpayer to have received an allowance of credit under section 45D of the Internal Revenue Code, the federal new markets tax credit. Effective July 1, 2020. Sunset December 31, 2010. (SB707 HD2)
Package:
None
Companion:
Introducers:
FUKUNAGA, Ige, Ihara, Espero, Slom, Trimble, Chun Oakland
Current Referral:
EDB, FIN
Date Status Text
1/19/2007SIntroduced.
1/22/2007SPassed First Reading.
1/24/2007SReferred to EDT, WAM.
1/29/2007SThe committee(s) on EDT has scheduled a public hearing on 02-01-07 at 1:15 pm in conference room 224.
2/1/2007SThe committee(s) on EDT deferred the measure until 02-08-07 at 1:15 pm in conference room 224.
2/8/2007SThe committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 5 Aye(s): Senator(s) Fukunaga, Espero, English, Ige, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/13/2007SReported from EDT (Stand. Com. Rep. No. 197) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/13/2007SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/21/2007SThe committee(s) on WAM will hold a public decision making on 02-23-07 at 9:30 am in conference room 211.
2/23/2007SThe committee(s) on WAM deferred the measure until 02-28-07 at 1:30 pm in conference room 211.
2/28/2007SThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 10 Aye(s): Senator(s) Baker, Tsutsui, Chun Oakland, English, Fukunaga, Hooser, Kim, Menor, Tokuda, Hemmings; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Whalen.
3/2/2007SReported from WAM (Stand. Com. Rep. No. 1009) with recommendation of passage on Third Reading, as amended (SD 2).
3/2/2007S48 Hrs. Notice 03-06-07.
3/6/2007SPassed Third Reading, as amended (SD 2). Ayes, 23; Aye(s) with reservations: Senator(s) Taniguchi . Noes, 1 (Senator(s) Trimble). Excused, 1 (Senator(s) Bunda). Transmitted to House.
3/6/2007HReceived from Senate (Sen. Com. No. 118) in amended form (SD 2).
3/8/2007HPass First Reading
3/9/2007HReferred to HSH/EDB, FIN, referral sheet 31
3/13/2007HRe-referred to EDB, FIN, referral sheet 34
3/19/2007HBill scheduled to be heard by EDB on Thursday, 03-22-07 at 8:45 am in House conference room 325.
3/22/2007HThe committees on EDB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Yamashita, Wakai, Brower, Chang, Hanohano, Herkes, Manahan, Tsuji, Yamane; Ayes with reservations: none; 0 Noes: none; and 3 Excused: Representative(s) Berg, Ching, Marumoto.
3/22/2007HReported from the committee on EDB (Stand. Com. Rep. No. 1503) as amended in (HD 1), recommending passage on Second Reading and referral to the committee on FIN.
3/23/2007HPassed Second Reading as amended in (HD 1) and referred to the committee(s) on FIN with none voting no (0) and Takamine, Thielen excused (2).
3/30/2007HBill scheduled to be heard by FIN on Monday, 04-02-07 at 3:00 pm in House conference room 308.
4/2/2007HThe committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 18 Ayes: Representative(s) M. Oshiro, Lee, Brower, Carroll, Chong, Hanohano, Har, Magaoay, Manahan, Mizuno, Nakasone, Rhoads, Sagum, Tokioka, Awana, Ward; Ayes with reservations: Representative(s) Belatti, Meyer; 0 Noes: none; and 0 Excused: none.
4/5/2007HReported from the committee on FIN (Stand. Com. Rep. No. 1923) as amended in (HD 2), recommending passage on Third Reading.
4/5/2007HForty-eight (48) hours notice Tuesday, 04-10-07.
4/10/2007HPassed Third Reading as amended in (HD 2) with none voting no (0) and Representative(s) Bertram, Cabanilla, Chong, Green, Souki excused (5). Transmitted to Senate.
4/12/2007SReceived from House (Hse. Com. No. 578).
4/12/2007SSenate disagrees with House amendments.
4/12/2007SSenate Conferees appointed: Fukunaga, Chair; Baker, Co-Chair; Ige, Slom.
4/12/2007HReceived notice of disagreement (Sen. Com. No. 745).
4/12/2007HReceived notice of Senate conferees (Sen. Com. No. 747).
4/16/2007HHouse conferees appointed: Yamashita, M. Oshiro Co-Chairs; Chong, Tokioka, Marumoto.
4/17/2007SReceived notice of appointment of House conferees (Hse. Com. No. 785).

$ = Appropriation measure
ConAm = Constitutional Amendment

Please read our Disclaimer Statement.

Some of the above items require Adobe Acrobat Reader. Please visit Adobe's download page for detailed instructions.