RELATING TO THE TAX CREDIT FOR RESEARCH ACTIVITIES.

Adds a cap for the amount of tax credits for research activities that an eligible taxpayer and the taxpayer's related entities may receive per taxable year. Consolidates the survey and certification requirements for tax credits for research activities. Excludes research funded by any grant, forgivable loan, or other amounts not included in gross income from qualified research expenses. Requires certification of the tax credits for research activities on a first-come, firstserved basis to be based on the date that a complete application is received, subject to certain conditions. Extends from 12/31/2024 to 12/31/2029, the sunset date for tax credits for research activities. Effective 7/1/3000. (HD1)

Voted 2/16/2024

Roll-call record

How representatives voted

8 yea·0 nay·3 other

Rose Martinez
State Representative · HI
Yea
Jeanné Kapela
State Representative · Democratic · HI
Yea
Trish La Chica
State Representative · Democratic · HI
Yea
Diamond Garcia
State Representative · Republican · HI
Yea
May Mizuno
State Representative · HI
Yea
Justin Woodson
State Representative · Democratic · HI
Yea
Lisa Marten
State Representative · Democratic · HI
Yea
Amy Perruso
State Representative · Democratic · HI
Yea
Sean Quinlan
State Representative · Democratic · HI
ABSENT
Scot Matayoshi
State Representative · Democratic · HI
ABSENT
Chris Todd
State Representative · Democratic · HI
ABSENT

Docket history

Action history

2/16/2024Passed 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 Representative(s) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
2/16/2024Reported from HET (Stand. Com. Rep. No. 539-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/14/2024The committee on HET recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Perruso, Kapela, La Chica, Marten, Martinez, M. Mizuno, Woodson, Garcia; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Matayoshi, Quinlan, Todd.
2/12/2024Bill scheduled for decision making on Wednesday, 02-14-24 2:00PM in conference room 309 VIA VIDEOCONFERENCE.
2/7/2024The committee(s) on HET recommend(s) that the measure be deferred until Wednesday, 02-14-24.
2/2/2024Bill scheduled to be heard by HET on Wednesday, 02-07-24 2:00PM in House conference room 309 VIA VIDEOCONFERENCE.
1/24/2024Referred to HET, FIN, referral sheet 1
1/19/2024Introduced and Pass First Reading.
1/18/2024Pending introduction.