HB1788 - Relating To The Tax Credit For Research Activities.
Hawaii - 2024 Regular Session
Introduced byScott Y. Nishimoto
Last updated 8 months ago
1 Co-Sponsor
Adds a cap for the amount of tax credits for research activities that an eligible taxpayer and the taxpayer's related entities may receive per taxable year. Consolidates the survey and certification requirements for tax credits for research activities. Excludes research funded by any grant, forgivable loan, or other amounts not included in gross income from qualified research expenses. Requires certification of the tax credits for research activities on a first-come, firstserved basis to be based on the date that a complete application is received, subject to certain conditions. Extends from 12/31/2024 to 12/31/2029, the sunset date for tax credits for research activities. Effective 7/1/3000. (HD1)
STATUS
Introduced
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