Bill Text: HI HB1273 | 2021 | Regular Session | Amended
Bill Title: Relating To Tax Credits.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Engrossed - Dead) 2021-03-09 - Referred to EET, WAM. [HB1273 Detail]
Download: Hawaii-2021-HB1273-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1273 |
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THIRTY-FIRST LEGISLATURE, 2021 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO TAX CREDITS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 201, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§201- Specific economic activity tax credits; public
disclosure. Upon certification by the department that a taxpayer
has received any tax credit under sections 235-17 and 235‑110.91, or
chapter 209E, the department shall file a public disclosure identifying the name
of the taxpayer who received the tax credit and the total amount of tax credit received."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2050, and shall apply to taxable years beginning after December 31, 2021.
Report Title:
Tax Credits; Specified Economic Activities; Public Disclosure
Description:
Requires the Department of Business, Economic Development, and Tourism to make a public disclosure identifying the names of the taxpayers who are receiving certain tax credits and the total amount of tax credit received for specific economic activities. Effective 7/1/2050. (HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
