summary
Introduced
01/19/2024
01/19/2024
In Committee
03/20/2024
03/20/2024
Crossed Over
03/01/2024
03/01/2024
Passed
Dead
05/03/2024
05/03/2024
Introduced Session
2024 Regular Session
Bill Summary
For taxable years beginning after 12/31/2024, temporarily reinstates the Technology Infrastructure Renovation Tax Credit and expands the definition of "technology-enabled infrastructure" to include data servers. Sunsets the tax credit for taxable years beginning after 12/31/2027. Takes effect 7/1/2050. (SD1)
AI Summary
This bill temporarily reinstates the Technology Infrastructure Renovation Tax Credit for taxable years beginning after December 31, 2024, and expands the definition of "technology-enabled infrastructure" to include data servers. The tax credit will be available until taxable years beginning after December 31, 2027. The purpose of this bill is to encourage the development of high-technology businesses in Hawaii and improve the resilience of critical data infrastructure against physical damage and cybersecurity threats.
Committee Categories
Budget and Finance, Education, Labor and Employment
Sponsors (1)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (on 03/20/2024)
Bill Topics
Macroeconomics
- ‐ Industrial Policy
- ‐ Taxation, Tax Policy, and Tax Reform
Space, Science, Technology, and Communications
- ‐ Internet and Computer Issues
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1784&year=2024 | 01/18/2024 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2024/bills/HB1784_SD1_.HTM | 03/19/2024 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2024/bills/HB1784_HD1_.HTM | 02/15/2024 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2024/bills/HB1784_.HTM | 01/18/2024 |
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