SB 3036 SD 1

RELATING TO HIGH TECHNOLOGY

By Senator(s) D. IGE; Sakamoto

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

Report Title: High Tech; GET; Tax Credits

Description: Provides a GET exemption to a qualified high technology business for machinery and equipment purchases and allows such businesses to sell their unused net operating loss carryover and unused tax credits to other qualified high technology businesses. (SD1)

 1-26-00        S Introduced and passed First Reading                      
 1-27-00        S Referred to 1. ECD 2. WAM                                
 2- 4-00        S Re-referred to EDU/ECD, then WAM                         
 2- 4-00        S Bill scheduled to be heard by EDU/ECD on 02-09-00
                  at 2:00 p.m. in conference room 212.
 2- 9-00        S The committee on EDU deferred the measure until
                  02-14-00 at 1:00 p.m. in conference room 212.
 2- 9-00        S The committee on ECD deferred the measure until
                  02-14-00 at 4:00 p.m. in conference room 224.
 2-14-00        S The committee on EDU deferred the measure until
                  02-16-00 at 2:00 p.m. in conference room 212.
 2-14-00        S The committee on ECD deferred the measure until
                  02-16-00 at 1:00 p.m. in conference room 224.
 2-16-00        S The committees on EDU/ECD recommend that the
                  measure be PASSED, WITH AMENDMENTS.
 2-16-00        S The votes in EDU were as follows: 4 Ayes: Senator(s)        
                  D. Ige, Sakamoto, Bunda, Chumbley; Ayes with
                  reservations: Senator(s) Slom; none Noes: Senator(s)        
                  ; and 2 Excused: Senator(s) Matsunaga, Tam
 2-16-00        S The votes in ECD were as follows: 5 Ayes: Senator(s)        
                  Inouye, Buen, M. Ige, Kawamoto, Taniguchi; Ayes with        
                  reservations: Senator(s) Slom; none Noes: Senator(s)        
                  ; and none Excused: Senator(s)
 2-18-00        S Reported from EDU/ECD (Stand. Com. Rep. No. 2311)
                  with recommendation of passage on Second Reading, as        
                  amended (SD 1) and referral to WAM
 2-18-00        S Report adopted; Passed Second Reading, as amended
                  (SD 1) and referred to WAM.