Hawaii 2022 Regular Session

Hawaii House Bill HB2064 Compare Versions

Only one version of the bill is available at this time.

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1	1	HOUSE OF REPRESENTATIVES H.B. NO. 2064 THIRTY-FIRST LEGISLATURE, 2022 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE IMPORTANT AGRICULTURAL LAND QUALIFIED AGRICULTURAL COST TAX CREDIT. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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3	3	HOUSE OF REPRESENTATIVES H.B. NO. 2064
4	4	THIRTY-FIRST LEGISLATURE, 2022
5	5	STATE OF HAWAII
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7	7	HOUSE OF REPRESENTATIVES
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9	9	H.B. NO.
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11	11	2064
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13	13	THIRTY-FIRST LEGISLATURE, 2022
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17	17	STATE OF HAWAII
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31	31	A BILL FOR AN ACT
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37	37	RELATING TO THE IMPORTANT AGRICULTURAL LAND QUALIFIED AGRICULTURAL COST TAX CREDIT.
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43	43	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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47	47	SECTION 1. Section 235-110.93, Hawaii Revised Statutes, is amended by amending subsection (l) to read as follows: "(l) The department of agriculture shall cease certifying credits pursuant to this section for taxable years beginning after December 31, [2021;] 2032; provided that a taxpayer with accumulated, but unclaimed, certified credits may continue claiming the credits in subsequent taxable years until exhausted." SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored. SECTION 3. This Act, upon its approval, shall take effect retroactive to January 1, 2022. INTRODUCED BY: _____________________________ BY REQUEST
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49	49	SECTION 1. Section 235-110.93, Hawaii Revised Statutes, is amended by amending subsection (l) to read as follows:
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51	51	"(l) The department of agriculture shall cease certifying credits pursuant to this section for taxable years beginning after December 31, [2021;] 2032; provided that a taxpayer with accumulated, but unclaimed, certified credits may continue claiming the credits in subsequent taxable years until exhausted."
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53	53	SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
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55	55	SECTION 3. This Act, upon its approval, shall take effect retroactive to January 1, 2022.
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59	59	INTRODUCED BY: _____________________________
60	60	BY REQUEST
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62	62	INTRODUCED BY:
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64	64	_____________________________
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70	70	BY REQUEST
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72	72	Report Title: Important Agricultural Land Qualified Agricultural Cost Tax Credit Description: Reinstates and extends through the 2032 tax year, the duty of the Department of Agriculture to certify the amount of the Important Agricultural Lands Qualified Agricultural Cost Tax Credit for each taxable year. The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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78	78	Report Title:
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80	80	Important Agricultural Land Qualified Agricultural Cost Tax Credit
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84	84	Description:
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86	86	Reinstates and extends through the 2032 tax year, the duty of the Department of Agriculture to certify the amount of the Important Agricultural Lands Qualified Agricultural Cost Tax Credit for each taxable year.
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94	94	The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.