Hawaii Senate Bill 678 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 20 2017 - 25% progression, died in committee
Action: 2017-02-15 - 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]

Includes structures, machinery, equipment, and capital assets in the definition of capital infrastructure costs. Sets a new maximum amount of capital infrastructure tax credits that may be issued in any taxable year per qualified infrastructure tenant. Specifies that excess tax credits may be carried forward. Specifies that special purpose entities may qualify as a qualified infrastructure tenant. Prohibits the qualified infrastructure tenant, together with all special purpose entities, from claiming any credit in any one year that exceeds $2,500,000. Provides penalty for failure to timely file required information. (SD1)

Relating To The Capital Infrastructure Tax Credit.

Sen. Michelle Kidani [D]	Sen. Lorraine Inouye [D]	Sen. Clarence Nishihara [D]	Sen. Donovan Cruz [D]
Sen. Kaiali'i Kahele [D]	Sen. Karl Rhoads [D]	Sen. Maile Shimabukuro [D]

Date	Chamber	Action
2017-02-15	Senate	Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2017-02-15	Senate	Reported from TRE (Stand. Com. Rep. No. 245) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2017-02-10	Senate	The committee(s) on TRE recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in TRE were as follows: 4 Aye(s): Senator(s) Inouye, Dela Cruz, Harimoto, Shimabukuro; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) English.
2017-02-07	Senate	The committee(s) on TRE has scheduled a public hearing on 02-10-17 1:15PM in conference room 225.
2017-01-23	Senate	Referred to TRE, WAM.
2017-01-23	Senate	Passed First Reading.
2017-01-20	Senate	Introduced.

SB678 (Carry Over) 2017-02-15 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

Type	Source
Summary	http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=678&year=2017
Text	http://www.capitol.hawaii.gov/session2017/bills/SB678_.HTM
Text	http://www.capitol.hawaii.gov/session2017/bills/SB678_SD1_.HTM