(1) Deleting the definitions of "construction costs", "equipment", "net income liability", and taxpayer";

(2) Inserting a definition of "qualified equipment" to mean costs related to equipment used for medical services or medical record-keeping that has a useful life of more than one year and costs more than $50,000;

(3) Modifying the definition of "qualified facility" to mean a building or structure owned or leased by a federally qualified health center;

(4) Modifying the definition of "qualified improvement costs" to mean costs of capitalized interest expense for construction or alteration of permanent structures, including equipment;

(5) Clarifying that the minimum costs upon which a tax credit may be claimed is $300,000 in a taxable year, and total tax credits shall not exceed $9,000,000 over the 10-year taxable period in which the credit may be claimed;

(6) Clarifying that the amount of the qualified tax credit shall be equal to ten percent of the costs incurred in a taxable year;

(7) Deleting provisions allowing for refunds for tax-exempt entities and allowing alternative calculations and allocations for other than tax-exempt entities and corporations;

(8) Deleting provision allowing claims against net income tax liability or tax liability under Chapter 237, Hawaii Revised Statutes;

(9) Deleting provision allowing the Director of Taxation to require tax reporting and alternative methods to determine the tax credit;

(10) Deleting provision allowing the Director of Taxation to adopt rules to implement this tax credit;

(11) Deleting the provision exempting state-funded projects from qualifying for the credit; and

(12) Making technical nonsubstantive changes for the purposes of clarity and style.