Hawaii Senate Bill 2110

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Spectrum: Moderate Partisan Bill (Democrat 8-1)
Status: Introduced on January 17 2024 - 25% progression
Action: 2024-01-18 - Referred to EET, WAM.
Pending: Senate Energy, Economic Development, and Tourism Committee
Text: Latest bill text (Introduced) [HTML]

Adds a cap for the amount of tax credits for research activities that an eligible taxpayer and the taxpayer's related entities may receive per taxable year. Requires a qualified high technology business to be registered to do business in the State and be a small business in order to be eligible for the tax credit. Consolidates the survey and certification requirements for tax credits for research activities. Amends the annual aggregate cap on tax credits for research activities that the Department of Business, Economic Development, and Tourism may certify. Requires certification of the tax credits for research activities on a first-come, firstserved basis to be based on the date that a complete application is received, subject to certain conditions. Extends from December 31, 2025 to December 31, 2030, the sunset date for tax credits for research activities.

Relating To The Tax Credit For Research Activities.

Sen. Jarrett Keohokalole [D]	Sen. Stanley Chang [D]	Sen. Kurt Fevella [R]	Sen. Troy Hashimoto [D]
Sen. Michelle Kidani [D]	Sen. Sharon Moriwaki [D]	Sen. Tim Richards [D]	Sen. Joy San Buenaventura [D]
Sen. Maile Shimabukuro [D]

Date	Chamber	Action
2024-01-18	Senate	Referred to EET, WAM.
2024-01-17	Senate	Introduced and passed First Reading.
2024-01-16	Senate	Pending Introduction.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2110&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB2110_.HTM