Hawaii House Bill 1788

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 19 2024 - 25% progression, died in committee
Action: 2024-02-16 - 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) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
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. Consolidates the survey and certification requirements for tax credits for research activities. Excludes research funded by any grant, forgivable loan, or other amounts not included in gross income from qualified research expenses. 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 7/1/3000. (HD1)

Relating To The Tax Credit For Research Activities.

Rep. Scott Nishimoto [D]

Date	Chamber	Action
2024-02-16	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) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
2024-02-16	House	Reported from HET (Stand. Com. Rep. No. 539-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2024-02-14	House	The committee on HET recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Perruso, Kapela, La Chica, Marten, Martinez, M. Mizuno, Woodson, Garcia; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Matayoshi, Quinlan, Todd.
2024-02-12	House	Bill scheduled for decision making on Wednesday, 02-14-24 2:00PM in conference room 309 VIA VIDEOCONFERENCE.
2024-02-07	House	The committee(s) on HET recommend(s) that the measure be deferred until Wednesday, 02-14-24.
2024-02-02	House	Bill scheduled to be heard by HET on Wednesday, 02-07-24 2:00PM in House conference room 309 VIA VIDEOCONFERENCE.
2024-01-24	House	Referred to HET, FIN, referral sheet 1
2024-01-19	House	Introduced and Pass First Reading.
2024-01-18	House	Pending introduction.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1788&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/HB1788_.HTM
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/HB1788_HD1_.HTM