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THE SENATE |
S.B. NO. |
2228 |
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THIRTY-THIRD LEGISLATURE, 2026 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to education.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"§235- Marine
trade training program tax credit. (a)
There shall be allowed to each qualified taxpayer subject to the tax
imposed under this chapter, a marine trade training program tax credit that
shall be deductible from the taxpayer's net income tax liability, if any,
imposed by this chapter for the taxable year in which the credit is properly
claimed.
(b) The marine trade training program tax credit
shall be equal to the qualified expenses of the taxpayer, up to a maximum of
$ .
(c)
The total amount of tax credits allowed under this section shall not
exceed $ for all qualifying
taxpayers in a taxable year; provided that any taxpayer who is not eligible to
claim the credit in a taxable year due to the
$ cap having been
exceeded for that taxable year shall be eligible to claim the credit in the
subsequent taxable year.
(d)
The director of taxation:
(1) Shall
prepare any forms that may be necessary to claim a tax credit under this
section;
(2) May
require the taxpayer to furnish reasonable information to ascertain the
validity of the claim for the tax credit made under this section; and
(3) May
adopt rules under chapter 91 necessary to effectuate the purposes of this
section.
(e)
If the tax credit under this section exceeds the taxpayer's income tax
liability, the excess of the credit over liability may be used as a credit
against the taxpayer's income tax liability in subsequent years until
exhausted. All claims for the tax credit
under this section, including amended claims, shall be filed on or before the
end of the twelfth month following the close of the taxable year for which the
credit may be claimed. Failure to comply
with the foregoing provision shall constitute a waiver of the right to claim
the credit.
(f)
For the purposes of this section:
"Qualified expenses" means the
costs that are directly incurred by the taxpayer to support the marine trade
training apprenticeship program established under section 304A- .
"Qualified taxpayer" means any
employer who participates in the marine trade training apprenticeship program
or otherwise works with the community
college system to provide support for the marine trade training
apprenticeship program."
SECTION 2. Chapter 304A, Hawaii Revised Statutes, is amended by adding a new section to part IV, subpart A, to be appropriately designated and to read as follows:
"§304A- Marine
trade training apprenticeship program; established. (a) There is established within
the community college system a marine trade training apprenticeship program to
promote the growth of recreational marine vessel manufacturing and United
States military ship maintenance firms.
(b) The community college system may plan and
administer the program with the advice of the Ship Repair Association of Hawaii,
workforce development council, and ship repair or construction industry.
(c) The apprenticeship program shall include
coursework in welding, pipe fitting, electrical systems of marine vessels, and
other coursework related to the construction and maintenance of marine vessels.
(d) A private corporation, business, or other
employee that partners with the community college system to participate in the
program shall be eligible to qualify for the tax credit under section
235- ."
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval; provided that section 1 shall apply to taxable years beginning after December 31, 2026.
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INTRODUCED BY: |
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Report Title:
UH; Marine Trade Training Apprenticeship Program; Marine Trade Training Program Tax Credit
Description:
Establishes the Marine Trade Training Apprenticeship Program within the University of Hawaii system of community colleges. Establishes the Marine Trade Training Program Tax Credit.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.