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Legislative record

HB 1957STATE · HawaiiIntroduced

RELATING TO RESEARCH ACTIVITIES.

Repeals the provision that made references to the base amount in the Internal Revenue Code inapplicable to the research activities tax credit and allowed credits for all qualified research expenses to be taken without regard to previous years expenses. Narrows the qualifying criteria for research activities tax credits to applicants who are small businesses registered in the State. Increases the maximum amount of tax credits that can be certified per year. Extends the sunset date of the research activities tax credit by five years. Effective 7/1/3000. (HD2)

Voted 3/7/2024

Roll-call record

How representatives voted

20 yea·0 nay·3 other

Docket history

Action history

  1. 3/7/2024Referred to EET, WAM.
  2. 3/7/2024Passed First Reading.
  3. 3/7/2024Received from House (Hse. Com. No. 269).
  4. 3/5/2024Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.
  5. 3/1/2024Forty-eight (48) hours notice Tuesday, 03-05-24.
  6. 3/1/2024Reported from FIN (Stand. Com. Rep. No. 929-24) as amended in HD 2, recommending passage on Third Reading.
  7. 2/26/2024The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Cochran, Ward.
  8. 2/23/2024Bill scheduled for decision making on Monday, 02-26-24 4:00PM in conference room 308 VIA VIDEOCONFERENCE.
  9. 2/22/2024The committee(s) on FIN recommend(s) that the measure be deferred until 02-26-24.
  10. 2/20/2024Bill scheduled to be heard by FIN on Thursday, 02-22-24 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.