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HB1704
HD1
(HSCR656-14)
Status and Testimony
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RELATING TO RESEARCH ACTIVITIES.
Provides that, notwithstanding provisions of the Internal Revenue Code to the
contrary, the amount of the state tax credit for research activities shall be
calculated based on all qualified research expenses for the taxable year
instead of on the increase of expenses over past years. Effective July 1,
2030. (HB1704 HD1)
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WAM
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HB1719
HD1
(HSCR683-14)
Status and Testimony
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RELATING TO TAXATION.
Reduces the tax liability for low-income taxpayers by creating a tax credit
that will eliminate a taxpayer's income tax liability if their federal
adjusted gross income falls below federal poverty guidelines. Reduces a
taxpayer's income tax liability by 50% if the taxpayer's federal adjusted
gross income falls between 100-125% of federal poverty guidelines. Effective
07/01/2030. (HD1)
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WAM
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HB1726
HD2
(HSCR836-14)
Status and Testimony
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RELATING TO TAXATION.
Amends the corporation income tax by taxing real estate investment trusts
without regard to the federal deduction for dividends paid. Effective July
1, 2030. (HB1726 HD2)
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WAM
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HB1870
HD1
(HSCR684-14)
Status and Testimony
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RELATING TO TAXATION.
Establishes a nonrefundable income tax credit for taxpayers who purchase
residential backup generators. Effective 07/01/2030. (HD1)
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WAM
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HB2000
HD1
(HSCR692-14)
Status and Testimony
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RELATING TO TAX RELIEF.
Amends state income tax law with respect to net operating loss deductions and
the election to expense certain depreciable business assets to conform to
federal law. Effective July 1, 2030. (HB2000 HD1)
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WAM
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HB2371
HD1
(HSCR743-14)
Status and Testimony
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RELATING TO TAXATION.
Amends the amount and threshold of the refundable food/excise tax credit and
income tax credit for low-income household renters. Creates a new low-income
tax credit and earned income tax credit. Effective July 1, 2050. (HB2371
HD1)
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WAM
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HB2135
HD1
(HSCR691-14)
Status and Testimony
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RELATING TO TAXATION.
Sets forth procedures and provisions under Hawaii tax laws to implement the
Streamlined Sales and Use Tax Agreement. Creates a committee to oversee the
department of taxation's implementation and administration of, and compliance
with the Streamlined Sales and Use Tax Agreement. (HB2135 HD1)
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WAM
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HB2507
HD1
(HSCR689-14)
Status and Testimony
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RELATING TO MARKETPLACE FAIRNESS.
Provides an alternative to Hawaii becoming a member state under the
Streamlined Sales and Use Tax Agreement. Directs DOTAX to establish rules to
meet minimum simplification requirements. Effective July 1, 2030. (HB2507
HD1)
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WAM
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