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HB2546Introduced in the House

Relating To Tax Credit For Research Activities.

Engrossed

Introduced by Nadine Nakamura, District 15

What does this bill do?

Plain-English breakdown

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Official description

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)

Where it stands

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

May 1, 2026

How did lawmakers vote?

SenateStage: Senate Ways and Means: Passed, With Amendments · April 6, 2026

12

Yes

0

No

1

Absent or Not Voting

13 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each senator voted

SenatorDistrictVote
Lorraine Inouye1Yes
Dru Kanuha3Yes
Tim Richards4Yes
Troy Hashimoto5Yes
Lynn Decoite7Yes
Sharon Moriwaki12Yes
Donna Kim14Yes
Glenn Wakai15Yes
Brandon Elefante16Yes
Donovan Cruz17Yes

Bill history

  1. Introduced and Pass First Reading.

  2. Referred to ECD, FIN, referral sheet 6

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

  4. 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.

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

  6. 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).

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

  8. 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.

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

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

  11. 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.

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

  13. Passed First Reading.

  14. Referred to EDT, WAM.

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

  16. 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.

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

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

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

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

  21. 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..

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

  23. 48 Hrs. Notice 04-14-26.

  24. 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.

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

  26. House disagrees with Senate amendment (s).

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

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

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

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

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

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

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

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

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

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

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

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