SB2497 - Relating To Taxation.
Hawaii - 2024 Regular Session
Introduced byLynn Decoite, Stanley Chang, Kurt Fevella
Last updated 3 months ago
7 Co-Sponsors
Repeals the provision that made references to the base amount in the Internal Revenue Code inapplicable to the research activities tax credit and allowed credits for all qualified research expenses to be taken without regard to previous years' expenses. Narrows the qualifying criteria for research activities tax credits to applicants who are small businesses registered in the State. Extends the sunset date of the research activities tax credit to 12/31/2029. (CD1)
STATUS
Passed
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