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HI HB2599
Bill
Status
1/24/2018
Primary Sponsor
Calvin Say
Click for details
AI Summary
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Expands the definition of "qualified high technology business" eligible for Hawaii's research and development tax credit to include small businesses as defined in section 201M-1.
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Caps the tax credit for small businesses at $25,000 per year.
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Exempts small businesses from the annual survey filing requirement that applies to other qualified high technology businesses.
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Limits the tax credit for small businesses to taxable years beginning before January 1, 2020.
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Applies to taxable years beginning after December 31, 2017.
Legislative Description
Relating To Taxation.
Taxation
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Souki excused (1).
2/14/2018