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HI HB2236
Bill
Status
Introduced
1/26/2022
Primary Sponsor
Kyle Yamashita
Click for details
AI Summary
- Requires any new income tax credits established or renewed after December 31, 2022 to include either a five-year sunset date or an annual phase-out period
- Credits that do not have a five-year sunset must begin reducing by one-third annually starting in the sixth year, with the reduction continuing over a three-year period
- Applies to income tax credits under Chapter 235 of the Hawaii Revised Statutes
- Effective July 1, 2022
Legislative Description
Relating To Tax Credits.
Sunset
Last Action
Referred to ECD, FIN, referral sheet 3
1/28/2022
Committee Referrals
Economic Development1/28/2022
Full Bill Text
No bill text available