HI HB1982 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 14-0)
Status: Passed on June 27 2022 - 100% progression
Action: 2022-06-27 - Act 217, on 06/27/2022 (Gov. Msg. No. 1318).
Text: Latest bill text (Amended) [HTML]
Spectrum: Partisan Bill (Democrat 14-0)
Status: Passed on June 27 2022 - 100% progression
Action: 2022-06-27 - Act 217, on 06/27/2022 (Gov. Msg. No. 1318).
Text: Latest bill text (Amended) [HTML]
Summary
Beginning 1/1/2023, requires every person making payment to a loan-out company and claiming the motion picture, digital media, and film production income tax credit to withhold and remit to DOTAX a portion of all payments to the loan-out company; increases the amount of the tax credit; amends the requirements to claim the tax credit, including reducing the amount of qualified productions costs; removes the requirement for productions to submit a verification review by a qualified certified public accountant when applying for the tax credit; requires the report by DBEDT to include the dollar amount claimed, name of the company, and name of the qualified production of the taxpayer; changes the time frame for DBEDT to issue a letter to the taxpayer claiming the tax credit; increases the cap of the claimable amount of the tax credit; requires taxpayers to submit a fee to DBEDT; and clarifies the definition of "qualified production costs". Extends the period during which excess income tax credits may be claimed to 12/31/2032. Authorizes, and appropriates funds for, DOTAX to establish 2 full-time equivalent tax auditor positions. Requires, and appropriates funds for, DBEDT to establish 1 full-time equivalent program specialist position. (CD1)
Title
Relating To Taxes.
Sponsors
Roll Calls
2022-04-29 - Senate - Senate Conference: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 0) [PASS]
2022-04-29 - House - House Conference: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 0) [PASS]
2022-04-05 - Senate - Senate Ways and Means: Passed, With Amendments (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-14 - Senate - Senate Energy, Economic Development, and Tourism: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-28 - House - House Finance: Passed, With Amendments (Y: 14 N: 0 NV: 0 Abs: 1) [PASS]
2022-02-11 - House - House Economic Development: Passed, With Amendments (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2022-04-29 - House - House Conference: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 0) [PASS]
2022-04-05 - Senate - Senate Ways and Means: Passed, With Amendments (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-14 - Senate - Senate Energy, Economic Development, and Tourism: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-28 - House - House Finance: Passed, With Amendments (Y: 14 N: 0 NV: 0 Abs: 1) [PASS]
2022-02-11 - House - House Economic Development: Passed, With Amendments (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2022-06-27 | House | Act 217, on 06/27/2022 (Gov. Msg. No. 1318). |
2022-06-27 | Senate | Act 217, 06/27/2022 (Gov. Msg. No. 1318). |
2022-05-04 | House | Transmitted to Governor. |
2022-05-05 | Senate | Received notice of passage on Final Reading in House (Hse. Com. No. 824). |
2022-05-03 | House | Received notice of Final Reading (Sen. Com. No. 946). |
2022-05-03 | House | Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0). |
2022-05-03 | Senate | Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none. |
2022-04-29 | Senate | 48 Hrs. Notice (as amended CD 1) 05-03-22. |
2022-04-29 | Senate | Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 121-22). |
2022-04-29 | House | Forty-eight (48) hours notice Tuesday 05-03-22. |
2022-04-29 | House | Reported from Conference Committee (Conf Com. Rep. No. 121-22) as amended in (CD 1). |
2022-04-29 | Senate | The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) Wakai, Keith-Agaran, Riviere, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
2022-04-29 | House | The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Quinlan, Holt, D. Kobayashi, Okimoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none. |
2022-04-28 | House | Conference Committee Meeting will reconvene on Friday 04-29-22 10:30AM in conference room 325. |
2022-04-27 | House | Conference Committee Meeting will reconvene on Thursday 04-28-22 10:30AM in conference room 325. |
2022-04-25 | House | Conference Committee Meeting will reconvene on Wednesday 04-27-22 10:30AM in conference room 325. |
2022-04-22 | House | Bill scheduled for Conference Committee Meeting on Monday, 04-25-22 10:30AM in conference room 325. |
2022-04-19 | Senate | Received notice of appointment of House conferees (Hse. Com. No. 718). |
2022-04-18 | House | House Conferees Appointed: Quinlan, Holt Co-Chairs; D. Kobayashi, Okimoto. |
2022-04-18 | House | Received notice of Senate conferees (Sen. Com. No. 872). |
2022-04-18 | Senate | Senate Conferees Appointed: Wakai Chair; Keith-Agaran Co-Chair; Riviere, Fevella. |
2022-04-18 | Senate | Received notice of disagreement (Hse. Com. No. 715). |
2022-04-14 | House | House disagrees with Senate amendment (s). |
2022-04-12 | House | Returned from Senate (Sen. Com. No. 813) in amended form (SD 2). |
2022-04-12 | Senate | Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House. |
2022-04-08 | Senate | 48 Hrs. Notice 04-12-22. |
2022-04-08 | Senate | Reported from WAM (Stand. Com. Rep. No. 3937) with recommendation of passage on Third Reading, as amended (SD 2). |
2022-04-05 | 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, Inouye, Kanuha, Kidani, Misalucha, Moriwaki, Shimabukuro, Taniguchi, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
2022-04-01 | Senate | The committee(s) on WAM will hold a public decision making on 04-05-22 10:15AM; Conference Room 211 & Videoconference. |
2022-03-23 | Senate | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
2022-03-23 | Senate | Reported from EET (Stand. Com. Rep. No. 3328) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
2022-03-14 | 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) Wakai, Misalucha, Lee, Riviere, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
2022-03-11 | Senate | The committee(s) on EET has scheduled a public hearing on 03-14-22 3:00PM; Conference Room 224 & Videoconference. |
2022-03-11 | Senate | Referred to EET, WAM. |
2022-03-10 | Senate | Passed First Reading. |
2022-03-10 | Senate | Received from House (Hse. Com. No. 291). |
2022-03-08 | House | Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate. |
2022-03-04 | House | Forty-eight (48) hours notice Tuesday, 03-08-22. |
2022-03-04 | House | Reported from FIN (Stand. Com. Rep. No. 992-22) as amended in HD 2, recommending passage on Third Reading. |
2022-02-28 | House | The committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Luke, Yamashita, Branco, Eli, Ilagan, B. Kobayashi, Marten, Nishimoto, Perruso, Sayama, Tam, Todd, Wildberger, McDermott; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Holt. |
2022-02-25 | House | Bill scheduled to be heard by FIN on Monday, 02-28-22 11:00AM in House conference room 308 Via Videoconference. |
2022-02-18 | 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) Eli, Kapela excused (2). |
2022-02-18 | House | Reported from ECD (Stand. Com. Rep. No. 562-22) as amended in HD 1, recommending passage on Second Reading and referral to FIN. |
2022-02-11 | House | The committees on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Quinlan, Holt, Belatti, D. Kobayashi, Onishi, Sayama, Takayama, Okimoto; Ayes with reservations: none; Noes: none; and Excused: none. |
2022-02-08 | House | Bill scheduled to be heard by ECD on Friday, 02-11-22 10:00AM in House conference room 312 Via Videoconference. |
2022-01-28 | House | Referred to ECD, FIN, referral sheet 3 |
2022-01-26 | House | Introduced and Pass First Reading. |
2022-01-24 | House | Pending introduction. |
Same As/Similar To
SB2079 (Same As) 2022-02-01 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Subjects
Appropriation ($)
Loan-out Companies
Motion Picture, Digital Media, and Film Production Income Tax Credit
Qualified Production Costs
Qualified Productions
Withholdings
Loan-out Companies
Motion Picture, Digital Media, and Film Production Income Tax Credit
Qualified Production Costs
Qualified Productions
Withholdings