SB 1245 SD 1

RELATING TO THE INCOME TAXATION

By Senator(s) TAM

Keywords: BUSINESS ENTERPRISES, INCOME TAX, TAX DEDUCTIONS, TAXATION

Report Title: Business Expense Deduction

Description: Increases income tax deductions for businesses from 50% to 100% for meals and entertainment expenses. Allows business entertainment deduction for club dues. (SD1)

 1-26-99        S Introduced and passed First Reading                      
 1-28-99        S Referred to WAM                                          
 2- 3-99        S Bill scheduled to be heard by WAM on 02-09-99 at
                  9:00 a.m. in conference room 211
 2- 9-99        S The measure is deferred.                                 
 3- 2-99        S Notice of public decision making by WAM on 03-05-99         
                  at 9:00 a.m. in conference room 211.
 3- 5-99        S The committee on WAM recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 3- 5-99        S The votes in WAM were as follows: 12 Ayes:
                  Senator(s) Fukunaga, Levin, Buen, Chun Oakland, D.
                  Ige, M. Ige, Iwase, Kawamoto, Nakata, Tam, Anderson;        
                  Ayes with reservations: Senator(s) Chun; none Noes:         
                  Senator(s) ; and 1 Excused: Senator(s) Taniguchi
 3- 5-99        S Reported from WAM (Stand. Com. Rep. No. 689) with
                  recommendation of passage on Second Reading, as
                  amended (SD 1) and placement on the calendar for
                  Third Reading
 3- 5-99        S Report adopted; Passed Second Reading, as amended
                  (SD 1)
 3- 5-99        S 48 hours notice                                          
 3- 9-99        S Passed Third Reading, as amended (SD 1). Ayes, 25.          
                  Noes, none.  Excused, none.
 3- 9-99        S Transmitted to House                                     
 3- 9-99        H Received from Senate (Sen. Com. No. 295)                 
 3-11-99        H Introduced and passed First Reading                      
 3-11-99        H Referred to the committees on 1. EDB 2. FIN ,
                  referral sheet 26
 3-12-99        H Bill scheduled to be heard by EDB on Monday,
                  03-15-99 at 8:30 A.M. in House conference room 325.
 3-15-99        H The committee(s) recommends that the measure be
                  deferred until 03-18-99.
 3-16-99        H Bill scheduled for decision making on Thursday,
                  03-18-99 at 8:30 a.m. in House conference room 325.
 3-18-99        H The committee(s) recommends that the measure be
                  deferred until 03-25-99.
 3-22-99        H Bill scheduled for decision making on Thursday,
                  03-25-99 at 8:30 A.M. in House conference room 325.
 3-25-99        H The committee on EDB recommends that the measure be         
                  HELD.
 3-25-99        H The votes in EDB were as follows:11 Ayes: Rep.(s)
                  Herkes, Luke, Ahu Isa, Chang, Kaho`ohalahala,
                  Morihara, Saiki, Suzuki, Halford, Rath, Whalen; Ayes        
                  with reservations: Rep.(s) ; none Noes: Rep.(s) ;
                  and 2 Excused: Rep.(s) Abinsay, Ito