HB1957 - Relating To Research Activities.
Hawaii - 2024 Regular Session
Introduced byDaniel Holt, Darius K. Kila, Rachele Fernandez Lamosao
Last updated 7 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. Increases the maximum amount of tax credits that can be certified per year. Extends the sunset date of the research activities tax credit by five years. Effective 7/1/3000. (HD2)
STATUS
Engrossed
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