Establishes an income tax credit for investments in qualified businesses developing cybersecurity and AI, effective July 1, 2112.
If you invest in cybersecurity or AI businesses in Hawaii, you may qualify for a tax credit starting July 1, 2112.
What do these statuses mean? ▼
Affected Industries
What This Means
Hawaii's HB1685 proposes an income tax credit to encourage investments in businesses focused on cybersecurity and artificial intelligence.
Key Provisions
- Establishes an income tax credit for investments in qualified businesses.
- Targets businesses developing cybersecurity technologies.
- Targets businesses developing artificial intelligence technologies.
- Takes effect on July 1, 2112.
Latest Legislative Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Perruso voting aye with reservations; none voting no (0) and Representative(s) Holt, Takayama excused (2).
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Calvin Say D | Sponsor | HD-020 |
| Gene Ward R | Sponsor | HD-017 |
| James Tokioka D | Sponsor | HD-015 |
| Richard Creagan D | Sponsor | HD-005 |
| Sam Kong D | Sponsor | HD-033 |
| Sylvia Luke D | Sponsor | HD-025 |
| Tom Brower D | Sponsor | HD-022 |
| Troy Hashimoto D | Sponsor | HD-008 |
Roll Call Votes
Compliance Checklist
Who: Investors and businesses in Hawaii.
Deadline: By July 1, 2112.
Penalty: No penalties specified for non-compliance.
Related & Companion Bills
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Affected Industries
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