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LEGISLATIVE INFORMATION:
HSTC is submitting testimony in SUPPORT of
Relating to Economic Development; Amends the State private investment fund to direct its investment capital to venture capital funds that commit to equity investments in businesses located within the state and demonstrate ability to mentor entrepreneurs; Authorizes $ in tax credits to be used by the fund as collateral.
At this time, HSTC is remaining neutral on
Tax Credit; Research Activities; Extends the tax credit for research activities for 1 year.
High Tech Tax Credits; Temporary Deferment of Credits; Beginning on July 1, 2010, temporarily disallows tax liabilities from being reduced by credits under the Technology Infrastructure Renovation Tax Credit and High Technology Business Investment Tax Credit until July 1, 2013.
Income Tax; Tax Credit Ceiling; Reduces certain allowable tax credits for taxable years beginning on or after January 1, 2010, and ending before January 1, 2012. Imposes a temporary tax ceiling for certain tax credits.
REPORTS AND PUBLICATIONS
DATA RESOURCES
Department of Taxation - State of Hawaii
National Studies
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