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Hawaii 2026

HB 2546

RELATING TO TAX CREDIT FOR RESEARCH ACTIVITIES.

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Source: Open States / PluralUpdated 2026-11-12 00:12:40 UTC.

Official record

Measure details

Jurisdiction
Hawaii
Session
2026
Chamber
lower
Classification
bill
Subjects
Annual Cap, Certification, DBEDT, Qualified High Technology Businesses, Research Activities, Tax Credit, Tax Credit Distribution
Introduced / first action
2026-01-28 00:00:00

Source-supplied abstracts

Amends the tax credit for research activities by: allowing qualifying taxpayers to claim the credit for all qualified research expenses without regard to the amount of expenses for previous years; amending from March 31 to March 1 the deadline for qualified high technology businesses to submit to the Department of Business, Economic development, and Tourism written, certified statements identifying qualified expenditures and the tax amount of tax credits claimed in the previous taxable year; for any taxable year the annual aggregate cap is reached, requiring the credit to be divided between all qualified high technology businesses in proportion to the amount of qualified research expenses claimed; and requiring DBEDT to establish an annual application period and notify each qualified high technology business applicant of the credit amount certified. Applies to costs incurred beginning after 12/31/2025. Repeals the credit on 1/1/2029. Effective 7/1/3050. (SD2)

Sponsors

Source-supplied history

Actions

  1. Conference Committee Meeting will reconvene on Friday, 05-01-26 at 11:30AM in Conference Room 411.

  2. Conference Committee Meeting will reconvene on Friday, 05-01-26 at 4:31PM in Conference Room 411.

  3. Conference committee meeting to reconvene on 05-01-26 5:37 PM; Conference Room 329.

  4. Conference committee meeting to reconvene on 05-01-26 5:40 PM; Conference Room 309.

  5. Conference Committee Meeting will reconvene on Friday 05-01-26 8:01AM in conference room 411.

  6. Bill scheduled for Conference Committee Meeting on Thursday, 04-30-26 8:30AM in conference room 411.

  7. Received notice of Senate conferees (Sen. Com. No. 725).

    receipt

  8. Senate Conferees Appointed: DeCoite Chair; Wakai Co-Chair; Fevella.

  9. House Conferees Appointed: Ilagan, Hussey Co-Chairs; Tam, Gedeon.

  10. Received notice of appointment of House conferees (Hse. Com. No. 786).

    receipt

  11. Received notice of disagreement (Hse. Com. No. 780).

    receipt

  12. House disagrees with Senate amendment (s).

    amendment-failure

  13. Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

    passage

  14. Returned from Senate (Sen. Com. No. 701) in amended form (SD 2).

  15. Reported from WAM (Stand. Com. Rep. No. 3686) with recommendation of passage on Third Reading, as amended (SD 2).

  16. 48 Hrs. Notice 04-14-26.

  17. The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Lee, C..

    committee-passage-favorable

  18. The committee(s) on WAM deferred the measure until 04-06-26 10:31AM; Conference Room 211 & Videoconference.

    deferral

  19. Reported from EDT (Stand. Com. Rep. No. 3238) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

  20. The committee(s) on WAM will hold a public decision making on 04-01-26 10:03AM; Conference Room 211 & Videoconference.

  21. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    reading-2, referral-committee

  22. The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Kim, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fukunaga.

    committee-passage-favorable

  23. The committee(s) on EDT has scheduled a public hearing on 03-24-26 1:04PM; Conference Room 229 & Videoconference.

  24. Received from House (Hse. Com. No. 435).

    introduction, receipt

  25. Passed First Reading.

    reading-1

  26. Referred to EDT, WAM.

    referral-committee

  27. Passed Third Reading as amended in HD 2 with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Pierick excused (1). Transmitted to Senate.

    passage

  28. Reported from FIN (Stand. Com. Rep. No. 1111-26) as amended in HD 2, recommending passage on Third Reading.

  29. Forty-eight (48) hours notice Tuesday, 03-10-26.

  30. The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.

    committee-passage-favorable

  31. Bill scheduled to be heard by FIN on Monday, 03-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.

  32. Reported from ECD (Stand. Com. Rep. No. 511-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

  33. Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).

    reading-2, referral-committee

  34. The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Yamashita, Gedeon; Ayes with reservations: none; Noes: none; and Excused: none.

    committee-passage-favorable

  35. Bill scheduled to be heard by ECD on Friday, 02-13-26 8:30AM in House conference room 423 VIA VIDEOCONFERENCE.

  36. Referred to ECD, FIN, referral sheet 6

    referral-committee

  37. Introduced and Pass First Reading.

    introduction, reading-1

When supplied by the API

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