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SB 3213

RELATING TO TAX CREDIT FOR RESEARCH ACTIVITIES.

2026 Regular Session Introduced by Troy Hashimoto

SB 3213 modifies Hawaii's research activity tax credit structure to incentivize private sector R&D investment and economic competitiveness in innovation sectors.

Referred to EDT, WAM.
#researchactivities #taxcredit
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Bill Summary · SB 3213

Legislative bill overview

SB 3213 relates to tax credits for research activities in Hawaii, though the specific provisions are not detailed in the available legislative information. The bill has recently been introduced and is currently in committee review (referred to Economic Development & Tourism and Ways & Means committees). Without access to the bill's full text, the exact scope—whether it expands, modifies, or creates research tax credits—cannot be determined.

Why is this important

Research tax credits are economic development tools that incentivize private sector investment in innovation and R&D activities. Hawaii's competitiveness in attracting knowledge-based industries and retaining tech talent may depend partly on competitive tax incentive structures. Changes to these credits could affect state revenue, business investment decisions, and the island's economic diversification efforts.

Potential points of contention

  • Fiscal impact: Expanding tax credits reduces state revenue; lawmakers will debate whether economic growth benefits justify the cost
  • Scope definition: Questions about what qualifies as "research activities" could create compliance complexity or unintended loopholes
  • Equity concerns: Tax credits primarily benefit profitable companies; critics may argue resources should fund direct research programs or workforce development instead

Compiled from official sources — confirm details with the bill’s official record.

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