August 28, 2006: We have posted the following pdf documents to assist you with the Comfort Ruling request process.
Please note that the first two files contain fillable fields; for more information on our pdf files, please see our FAQs - PDF.
Your request for a comfort ruling should include the following information:
November 29, 2007: Policies Relating to High Technology Investment Tax Credit Allocations
Provides taxpayers and tax professionals with guidance on the Department of Taxation's policies regarding its analysis of credit ratios for the high tech investment credit allowed under HRS § 235-110.9. Applies to certain credit ratios of 2:1 or less. See Act 215, Session Laws of Hawaii 2004.
November 3, 2005: Adoption of Section 18-235-20.5-01, Hawaii Administrative Rules, Relating to the Imposition of Fees for (1) the Issuance of High Tech Comfort Rulings and (2) the Certification of (a) the High Technology Business Investment Tax Credit and (b) the Tax Credit for Research Activities.
December 17, 2004: Act 215, SLH 2004 (Act 215) improves the high technology tax incentives to give the Department of Taxation better tools to ensure compliance with the tax laws.
The department issued Announcement 2003-01, which details and explains the new and revised High Technology Business Investment Tax Credit Forms
March 17, 2003: The department issued Tax Information Release 2003-01, which explains the proper application of the law regarding the high technology business investment tax credit.
ACT 221, SLH 2001