Bill Text: HI HB2356 | 2024 | Regular Session | Amended
Bill Title: Relating To The Hawaii Technology Development Corporation.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2024-03-20 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. [HB2356 Detail]
Download: Hawaii-2024-HB2356-Amended.html
HOUSE OF REPRESENTATIVES |
H.B. NO. |
2356 |
THIRTY-SECOND LEGISLATURE, 2024 |
H.D. 2 |
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STATE OF HAWAII |
S.D. 1 |
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A BILL FOR AN ACT
RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"(b) The development corporation may provide grants to any business in Hawaii that:
(1) Receives a federal small business innovation research phase I or II award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract;
(2) Receives a federal small business technology transfer program award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract;
(3) Receives a federal small business innovation research phase III or small business technology transfer program phase III award or contract, up to fifty per cent of the amount of the award or contract funded by private sector or government sources outside of the program; or
(4) Applies for a small business innovation
research federal grant or a small business technology transfer program federal
grant, in an amount not to exceed [$3,000,] $ ,
subject to the availability of funds."
SECTION 2. Section 206M-15.1, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) There is established the manufacturing development program, through which the development corporation may provide grants to any business in Hawaii that is a manufacturer in the State and requires assistance for any of the following items:
(1) Purchasing of manufacturing equipment;
(2) Training of employees on the use of new or existing manufacturing equipment;
(3) Improving existing energy efficiency
manufacturing equipment or the purchase of improved energy efficiency equipment
in the manufacturing process; [or]
(4) Purchasing of renewable energy
technology systems, as defined in section 235-12.5, including photovoltaic, for
the purpose of reducing manufacturing energy costs; provided that any renewable energy technology system purchased by a business
that receives a grant pursuant to this paragraph shall not be eligible for the
tax credit under section 235-12.5 to install or place that system in
service; or
[(4)] (5) Studying or planning the implementation of a
new manufacturing facility;
provided that no grant shall exceed twenty per cent of the cost of any of the above items, and no company shall receive a grant exceeding $100,000 in any given year."
SECTION 3. Section 235-12.5, Hawaii Revised Statutes, is amended by amending subsection (i) to read as follows:
"(i) No taxpayer shall be allowed a credit under
this section for [the]:
(1) The portion of the renewable energy
technology system required by section 196-6.5 that is installed and placed in
service on any newly constructed single-family residential property authorized
by a building permit issued on or after January 1, 2010[.]; or
(2) The installation or placing in service of any portion of a renewable energy technology system purchased in whole or in part with a grant received under the manufacturing development program pursuant to section 206M-15.1."
SECTION 4. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2024-2025 for the Hawaii small business innovation research program.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.
SECTION 5. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2024-2025 for the manufacturing assistance grant program.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.
SECTION 6. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2024-2025 to support the accelerator grant program.
The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.
SECTION 7. In accordance with section 9 of article VII of the Hawaii State Constitution and sections 37‑91 and 37‑93, Hawaii Revised Statutes, the legislature has determined that the appropriations contained in H.B. No. , will cause the state general fund expenditure ceiling for fiscal year 2024‑2025 to be exceeded by $ or per cent. In addition, the appropriations contained in this Act will cause the general fund expenditure ceiling for fiscal year 2024‑2025 to be further exceeded by $ or per cent. The combined total amount of general fund appropriations contained in only these two Acts will cause the state general fund expenditure ceiling for fiscal year 2024‑2025 to be exceeded by $ or per cent. The reasons for exceeding the general fund expenditure ceiling are that:
(1) The appropriations made in this Act are necessary to serve the public interest; and
(2) The appropriations made in this Act meet the needs addressed by this Act.
SECTION 8. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 9. This Act shall take on January 1, 2060.
Report Title:
Hawaii Technology Development Corporation; Small Business Innovation Research Grant Program; Small Business Technology Transfer Grant Program; Manufacturing Development Grant Program; Manufacturing Assistance Grant Program; Accelerator Grant Program; Expenditure Ceiling; Appropriation
Description:
Changes the cap for awards to assist businesses applying for the Small Business Innovation Research Grant Program and the Small Business Technology Transfer Grant Program of the Hawaii Technology Development Corporation. Adds purchasing of renewable energy technology systems as an eligible expense, and clarifies that training on new and existing manufacturing equipment is an eligible expense, for the Manufacturing Development Grant Program. Declares that the general fund expenditure ceiling is exceeded. Appropriates funds. Takes effect 1/1/2060. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.