Hawaii Senate Bill 2206 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-24 - Referred to LCA, WAM.
Pending: Senate Labor, Culture and the Arts Committee
Text: Latest bill text (Introduced) [HTML]

Establishes a nonrefundable small business hiring tax credit for the taxable year beginning on or after 1/1/2022 and before 1/1/2023, that may be applied against the net income tax liability of qualified small business employers in an amount equal to $1,000 for each net increase in the number of qualified employees not to exceed a total of $25,000 for any qualified small business employer and a total of $100,000,000 for the State. Requires the qualified small business employer to apply for a tentative credit tax reservation amount to receive the tax credit. Requires the Department of Taxation to allocate the tax credit on a first-come, first-served basis. Requires the Department of Taxation to report to the Legislature. Applies to taxable years beginning after 12/31/2021. Repeals 12/31/2027.

Relating To Small Business Hiring Tax Credit.

Sen. Bennette Misalucha [D]	Sen. Stanley Chang [D]	Rep. Lynn Decoite [D]	Sen. Chris Lee [D]
Sen. Les Ihara [D]	Sen. Donna Kim [D]

Date	Chamber	Action
2022-01-24	Senate	Referred to LCA, WAM.
2022-01-21	Senate	Passed First Reading.
2022-01-21	Senate	Introduced.

Type	Source
Summary	https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2206&year=2022
Text	https://www.capitol.hawaii.gov/session2022/bills/SB2206_.HTM