SB 544

RELATING TO TAXATION

By Senator(s) D. IGE / SAKAMOTO; Bunda, Chumbley, Fukunaga, Levin, Matsunaga, Slom, Tam

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

Report Title: Inventor Tax Exemption

Description: Allows amounts received by inventors or creators directly attributable to commercial exploitation of federally protected intellectual property that was demonstrably invented in the State to be exempted from state income tax.

 1-22-99        S Introduced and passed First Reading                      
 1-25-99        S Referred to 1. ECD 2. WAM                                
 2- 4-99        S Bill scheduled to be heard by ECD on 02-08-99 at
                  1:30 p.m. in conference room 224
 2- 8-99        S The committee on ECD recommends that the measure be         
                  HELD.
 2- 8-99        S The votes in ECD were as follows: 5 Ayes: Senator(s)        
                  Inouye, Buen, Kawamoto; Ayes with reservations:
                  Senator(s) M. Ige, Slom; none Noes: Senator(s) ; and        
                  1 Excused: Senator(s) Taniguchi