- Stage
- Became law
- Started in
- Senate
- Latest action
- May 21
Where it stands
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What it does
PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the Renewable Energy Technologies Income Tax Credit by adding an aggregate cap amount, setting income thresholds, adding a certification requirement, and adding a sunset date. Adds sunset dates to the Capital Goods Excise Tax Credit and Renewable Fuels Production Tax Credit. PART II: Beginning 1/1/2028, repeals the Technology Infrastructure Renovation Tax Credit. Beginning 1/1/2029, repeals the High Technology Business Investment Tax Credit and Tax Credit for Research Activities. (CD2)
Where it goes next
Law in Hawaii. Agencies now write the rules that carry it out, and courts can stay or strike it.
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Sponsors
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