Hawaii Senate Bill 2079 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-02-01 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]

Establishes a general excise tax withholding requirement on payments to loan-out companies for services performed in Hawaii for persons claiming the motion picture, digital media, and film production income tax credit (income tax credit). Requires taxpayers claiming the income tax credit to submit a sworn statement and verification review to the Department of Business, Economic Development, and Tourism (DBEDT) only if qualified production costs exceed $1,000,000. Requires reports by DBEDT to the Legislature on the income tax credit to identify the dollar amount claimed, name of company, and name of program claiming the credit. Extends the period during which excess income tax credits may be claimed to December 31, 2032. Requires qualified productions that claim the income tax credit to withhold a certain amount and remit that amount within thirty calendar days to the Department of Taxation (DOTAX) to the credit of the general excise tax account of the loan-out company. Amends the uses of the Tax Administration Special Fund. Allows DOTAX to establish four full-time equivalent tax auditor positions to examine claims for the income tax credit and other tax expenditures and to establish application processing fees. (SD1)

Relating To Taxes.

Sen. Glenn Wakai [D]	Sen. Gil Keith-agaran [D]	Sen. Bennette Misalucha [D]	Sen. Donovan Cruz [D]
Sen. Lorraine Inouye [D]	Sen. Brian Taniguchi [D]

2022-01-28 - Senate - Senate Energy, Economic Development, and Tourism: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-02-01	Senate	Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2022-02-01	Senate	Reported from EET (Stand. Com. Rep. No. 2018) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2022-01-28	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.
2022-01-25	Senate	The committee(s) on EET has scheduled a public hearing on 01-28-22 3:00PM; Conference Room 224 & Videoconference.
2022-01-21	Senate	Referred to EET, WAM.
2022-01-19	Senate	Introduced and passed First Reading.
2022-01-18	Senate	Pending Introduction.

HB1982 (Same As) 2022-06-27 - Act 217, on 06/27/2022 (Gov. Msg. No. 1318).

Type	Source
Summary	https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2079&year=2022
Text	https://www.capitol.hawaii.gov/session2022/bills/SB2079_.HTM
Text	https://www.capitol.hawaii.gov/session2022/bills/SB2079_SD1_.HTM
Roll Call	https://capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2079&year=2022