SB 2482 SD 1 HD 1

RELATING TO TECHNOLOGY BUSINESS TAXATION

By Senator(s) CHUN / BUEN

Keywords: BUSINESS ENTERPRISES, DEPARTMENT OF TAXATION, INCOME TAX, TAX CREDITS OR REFUNDS, TAX DEDUCTIONS, TAX EXEMPTIONS, TAXATION, TELECOMMUNICATIONS

Report Title: Technology; Taxation

Description: Allows biotechnology companies to sell their unused net operating loss carryover and unused tax credits to other qualified biotechnology companies. Also extends capital loss carryforward for biotechnology companies. Enhances the tax benefits provided in Act 178, Session Laws of Hawaii 1999 for qualified high technology business. (SB2482 HD1)

 1-21-00        S Introduced and passed First Reading                      
 1-24-00        S Referred to 1. ECD 2. WAM                                
 2-11-00        S Bill scheduled to be heard by ECD on 02-14-00 at
                  4:00 p.m. in conference room 224.
 2-14-00        S The committee on ECD recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 2-14-00        S The votes in ECD were as follows: 5 Ayes: Senator(s)        
                  Inouye, Buen, M. Ige, Kawamoto, Slom; Ayes with
                  reservations: Senator(s) ; none Noes: Senator(s) ;
                  and 1 Excused: Senator(s) Taniguchi
 2-17-00        S Reported from ECD (Stand. Com. Rep. No. 2173) with
                  recommendation of passage on Second Reading, as
                  amended (SD 1) and referral to WAM
 2-17-00        S Report adopted; Passed Second Reading, as amended
                  (SD 1) and referred to WAM.
 2-26-00        S Bill scheduled for decision making by WAM on
                  02-28-00 at 6:00 p.m. in conference room 211.
 2-28-00        S The committee on WAM recommends that the measure be         
                  PASSED, UNAMENDED.
 2-28-00        S The votes in WAM were as follows: 9 Ayes: Senator(s)        
                  Fukunaga, Levin, Chun Oakland, D. Ige, M. Ige,
                  Kawamoto, Nakata, Tam, Taniguchi; Ayes with
                  reservations: Senator(s) ; none Noes: Senator(s) ;
                  and 4 Excused: Senator(s) Buen, Chun, Iwase,
                  Anderson
 3- 3-00        S Reported from WAM (Stand. Com. Rep. No. 2553) with
                  recommendation of passage on Third Reading
 3- 3-00        S 24 hours notice 03-07-00                                 
 3- 7-00        S Report adopted; Passed Third Reading. Ayes, 25. 
                  Noes, none.  Excused, none.
 3- 7-00        S Transmitted to House                                     
 3- 7-00        H Received from Senate (Sen. Com. No. 180)                 
 3- 9-00        H Introduced and passed First Reading                      
 3- 9-00        H Referred to the committees on EDB/HED, and then
                  referred to the committee on FIN, referral sheet 29
 3-20-00        H Bill scheduled to be heard by EDB/HED on Thursday, 
                  03/23/00 at 8:30 A.M. in House conference room
                  325.
 3-23-00        H The committees on EDB/HED recommend that the
                  measure be PASSED, WITH AMENDMENTS.
 3-23-00        H The votes in EDB were as follows:11 Ayes: Rep.(s)
                  Luke, Ahu Isa, Chang, Espero, Ito, Kaho`ohalahala,
                  Morihara, Suzuki, Halford, Rath, Whalen; Ayes with
                  reservations: Rep.(s) ; none Noes: Rep.(s) ; and 2
                  Excused: Rep.(s) Herkes, Abinsay; and
 3-23-00        H The votes in HED were as follows:5 Ayes: Rep.(s)
                  Morihara, Takai, Ito, Santiago, Leong; Ayes with
                  reservations: Rep.(s) ; none Noes: Rep.(s) ; and 4
                  Excused: Rep.(s) Arakaki, Okamura, Stegmaier,
                  McDermott
 3-24-00        H Reported from the committee on EDB/HED (Stand. Com.
                  Rep. No. 1052-00) as amended in (HD 1), recommending        
                  passage on Second Reading and referral to the
                  committee on FIN
 3-24-00        H Passed Second Reading as amended in (HD 1) and
                  referred to the committee on FIN
 3-24-00        H The vote was as follows:  48 aye(s), with none
                  voting no and Representative(s) Okamura, Pendleton,         
                  Takamine excused
 4- 4-00        H Bill scheduled to be heard by FIN on Thursday,
                  04-06-00 at 3:00 P.M. in House conference room 308.
 4- 6-00        H The committee on FIN recommends that the measure be         
                  PASSED, UNAMENDED.
 4- 6-00        H The votes in FIN were as follows:9 Ayes: Rep.(s)
                  Takamine, Kawakami, Ahu Isa, Catalani, Espero, Luke,        
                  Suzuki, Fox, Marumoto; Ayes with reservations:
                  Rep.(s) Goodenow, Kahikina, Kanoho, Nakasone,
                  Yamane, Meyer, Moses; none Noes: Rep.(s) ; and 1
                  Excused: Rep.(s) Schatz
 4- 7-00        H Reported from the committee on FIN (Stand. Com. Rep.        
                  No. 1444-00), recommending passage on Third Reading
 4-11-00        H Passed Third Reading                                     
 4-11-00        H The vote was as follows:  46 aye(s), with none
                  voting no and Representative(s) Morihara, Okamura,
                  Santiago, Souki, Stegmaier excused
 4-11-00        H Transmitted to Senate                                    
 4-13-00        S Received from House (Hse. Com. No. 516)                  
 4-13-00        S Senate disagrees with House amendments.                  
 4-13-00        H Received notice of disagreement (Sen. Com. No. 660)      
 4-17-00        S Senate Conferees appointed: Inouye, Fukunaga,
                  (Co-)Chair; Chun, Buen, Slom
 4-17-00        H House conferees appointed: Herkes, Morihara,
                  Takamine (Co-)Chairman; Luke, Suzuki, Halford,
                  Meyer
 4-17-00        S Received notice of appointment of House conferees
                  (Hse. Com. No. 674).
 4-17-00        H Received notice of Senate conferees (Sen. Com. No.
                  663)
 4-19-00        S Conference committee meeting scheduled on 04-20-00
                  at 9:30 a.m. in conference room 423.
 4-20-00        H Conference Committee Meeting will reconvene on
                  Monday, 04/24/00 at 4:00 p.m. in conference room
                  423.
 4-25-00        H Conference Committee Meeting will reconvene on
                  Wednesday, 04-26-00 at 1:00 P.M. in conference room         
                  423.