Hawaii Senate Bill 951

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Engrossed on March 7 2023 - 50% progression
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]

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. Requires a qualified high technology business to be registered to do business in the State and be a small business in order to be eligible for the tax credit. Consolidates the survey and certification requirements for tax credits for research activities. Amends the annual aggregate cap on tax credits for research activities that the Department of Business, Economic Development, and Tourism may certify. 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 7/1/2050. (HD1)

Relating To The Tax Credit For Research Activities.

Sen. Jarrett Keohokalole [D]

Sen. Stanley Chang [D]

Sen. Gil Keith-agaran [D]

2023-02-27 - Senate - Senate Ways and Means: Passed, With Amendments (Y: 11 N: 0 NV: 0 Abs: 2) [PASS]
2023-02-09 - Senate - Senate Energy, Economic Development, and Tourism: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-12-11		Carried over to 2024 Regular Session.
2023-03-24	House	Passed 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) Ilagan excused (1).
2023-03-24	House	Reported from ECD (Stand. Com. Rep. No. 1499) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2023-03-22	House	The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Holt, Lamosao, Hussey-Burdick, Kong, Nakamura, Quinlan, Pierick; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) La Chica.
2023-03-20	House	Bill scheduled to be heard by ECD on Wednesday, 03-22-23 9:30AM in House conference room 423 VIA VIDEOCONFERENCE.
2023-03-09	House	Referred to ECD, FIN, referral sheet 17
2023-03-09	House	Pass First Reading
2023-03-07	House	Received from Senate (Sen. Com. No. 318) in amended form (SD 2).
2023-03-07	Senate	Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Fukunaga). Transmitted to House.
2023-03-03	Senate	48 Hrs. Notice 03-07-23.
2023-03-03	Senate	Reported from WAM (Stand. Com. Rep. No. 896) with recommendation of passage on Third Reading, as amended (SD 2).
2023-02-27	Senate	The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Aquino, Inouye, Kanuha, Kim, Lee, Moriwaki, Shimabukuro, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) DeCoite, Kidani.
2023-02-22	Senate	The committee(s) on WAM deferred the measure until 02-27-23 10:30AM; Conference Room 211.
2023-02-16	Senate	The committee(s) on WAM will hold a public decision making on 02-22-23 10:00AM; Conference Room 211 & Videoconference.
2023-02-15	Senate	Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2023-02-15	Senate	Reported from EET (Stand. Com. Rep. No. 280) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2023-02-09	Senate	The committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 5 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2023-02-06	Senate	The committee(s) on EET has scheduled a public hearing on 02-09-23 1:03PM; Conference Room 229 & Videoconference.
2023-01-27	Senate	Referred to EET, WAM.
2023-01-23	Senate	Passed First Reading.
2023-01-20	Senate	Introduced.

SB951 (Carry Over) 2023-03-24 - Passed 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) Ilagan excused (1).

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=951&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB951_SD2_.HTM
Roll Call	https://data.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=951&year=2024