HI HB2083

Caps individual taxpayer and related entities research tax credits at $1,000,000 per taxable year, with aggregate annual state cap of $5,000,000.

Consolidates separate survey and certification requirements into a single certification process requiring submission no later than the last day of the third month following the end of each taxable year.

Requires certified statements identifying qualified expenditures, tax credits claimed, industry sectors, revenue/expense data, Hawaii employment data, intellectual property filed, and new companies established in Hawaii.

Changes credit certification from "first-come, first-served" to priority queuing for taxpayers unable to receive certification due to the $5,000,000 aggregate annual cap, with priority carried forward to the following calendar year if still eligible.

Eliminates separate annual survey requirement and incorporates data collection into the certification statement submitted to the Department of Business, Economic Development, and Tourism.