SB443 - Relating To Tax Credits For Research Activities.
Hawaii - 2024 Regular Session
Introduced byJarrett K. Keohokalole, Henry J.C. Aquino, Gil S Coloma Keith-agaran
Last updated over 1 year ago
4 Co-Sponsors
Limits the tax credits for research activities each taxpayer may receive to $1,500,000 per taxable year. Requires that every qualified high technology business be registered to do business in the State and occupy a business location and address in the State where at least seventy-five per cent of the company's employees are located to be eligible to receive tax credits for research activities. Increases the amount of available certified credits from $5,000,000 per year to $15,000,000 per year. Extends the sunset date for tax credits for research activities from December 31, 2024 to December 31, 2029.
STATUS
Introduced
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