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AI Summary
HB454 proposes an income tax credit for investments in businesses focused on cybersecurity and artificial intelligence, though specifics of the credit are not detailed.
Business Impact
If you invest in businesses developing AI or cybersecurity in Hawaii, you may qualify for a tax credit.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
What This Means
HB454 proposes a tax incentive aimed at boosting investment in cybersecurity and artificial intelligence sectors in Hawaii. This bill could benefit businesses engaged in these technologies. Stakeholders in the tech industry should monitor this legislation closely.
Key Provisions
- Establishes an income tax credit for investments in qualified businesses.
- Targets businesses developing cybersecurity technologies.
- Targets businesses developing artificial intelligence technologies.
Latest Legislative Action
Referred to ECD, CPC, FIN, referral sheet 1
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Sam Kong D | Sponsor | HD-033 |
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Official Bill Text
View HB454 on official legislature website →
Affected Industries
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