HI HB2307 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2024 - 25% progression, died in committee
Action: 2024-01-26 - Referred to FIN, referral sheet 3
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 24 2024 - 25% progression, died in committee
Action: 2024-01-26 - Referred to FIN, referral sheet 3
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
For taxable years beginning after 12/31/2023, adds a definition for "qualified member" and repeals the definitions for "direct member" and "indirect member" as used in the State's pass-through entity taxation election law. For pass-through entities electing to pay Hawaii income taxes at the entity level, allows certain qualified members entitled to a tax credit to use the credit against the member's net income tax liability in subsequent years until exhausted.
Title
Relating To Pass-through Entity Taxation.
Sponsors
| Rep. Scott Saiki [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-26 | House | Referred to FIN, referral sheet 3 |
| 2024-01-24 | House | Introduced and Pass First Reading. |
| 2024-01-22 | House | Pending introduction. |
Same As/Similar To
SB2725 (Same As) 2024-06-20 - Act 050, 06/19/2024 (Gov. Msg. No. 1150).
Subjects
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2307&year=2024 |
| Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/HB2307_.HTM |
