Hawaii 2022 Regular Session

Hawaii Senate Bill SB2967 Compare Versions

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

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1	1	THE SENATE S.B. NO. 2967 THIRTY-FIRST LEGISLATURE, 2022 STATE OF HAWAII A BILL FOR AN ACT Relating to THE important agricultural lands Qualified agricultural cost tax credit. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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3	3	THE SENATE S.B. NO. 2967
4	4	THIRTY-FIRST LEGISLATURE, 2022
5	5	STATE OF HAWAII
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7	7	THE SENATE
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9	9	S.B. NO.
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11	11	2967
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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 lands 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;] 2031; 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 Statutory material to be repealed is bracketed and stricken.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 apply to taxable years beginning after December 31, 2021. INTRODUCED BY: _____________________________
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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;] 2031; 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 apply to taxable years beginning after December 31, 2021.
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59	59	INTRODUCED BY: _____________________________
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61	61	INTRODUCED BY:
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77	77	Report Title: Important Agricultural Lands Qualified Agricultural Cost Tax Credit Description: Extends the Important Agricultural Lands Qualified Agricultural Cost Tax Credit until December 31, 2031. 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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83	83	Report Title:
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85	85	Important Agricultural Lands Qualified Agricultural Cost Tax Credit
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89	89	Description:
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91	91	Extends the Important Agricultural Lands Qualified Agricultural Cost Tax Credit until December 31, 2031.
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99	99	The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.