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HI HB2277

Bill

Status

Engrossed

2/28/2020

Primary Sponsor

Scott Saiki

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Extends the Important Agricultural Land Qualified Agricultural Cost Tax Credit certification period from the 2021 tax year through the 2030 tax year.

  • Allows the Department of Agriculture to continue certifying qualified agricultural costs for taxpayers with important agricultural lands through December 31, 2030.

  • Permits taxpayers with accumulated but unclaimed certified credits to continue claiming those credits in subsequent taxable years after the certification period ends.

  • Takes effect on July 1, 2020.

Legislative Description

Relating To The Important Agricultural Land Qualified Agricultural Cost Tax Credit.

Important Agricultural Land qualified agricultural costs tax credit

Last Action

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

5/12/2020

Committee Referrals

Ways and Means5/12/2020
Agriculture and Environment3/3/2020
Finance2/12/2020
Water, Land, & Hawaiian Affairs1/31/2020
Agriculture1/27/2020

Full Bill Text

No bill text available