Hawaii Senate Bill 443 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 20 2023 - 25% progression, died in committee
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: Senate Energy, Economic Development, and Tourism Committee
Text: Latest bill text (Introduced) [HTML]

Limits the tax credits for research activities each taxpayer may receive to $1,500,000 per taxable year. Requires that every qualified high technology business be registered to do business in the State and occupy a business location and address in the State where at least seventy-five per cent of the company's employees are located to be eligible to receive tax credits for research activities. Increases the amount of available certified credits from $5,000,000 per year to $15,000,000 per year. Extends the sunset date for tax credits for research activities from December 31, 2024 to December 31, 2029.

Relating To Tax Credits For Research Activities.

Sen. Jarrett Keohokalole [D]

Sen. Henry Aquino [D]

Sen. Gil Keith-agaran [D]

Sen. Angus McKelvey [D]

Date	Chamber	Action
2023-12-11		Carried over to 2024 Regular Session.
2023-01-25	Senate	Referred to EET, WAM.
2023-01-20	Senate	Passed First Reading.
2023-01-20	Senate	Introduced.

SB443 (Carry Over) 2023-01-25 - Referred to EET, WAM.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=443&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB443_.HTM