Report Title:
Tax Credit; Drought Mitigating Water Storage Facilities
Description:
Extends the expiration date for the drought mitigating water storage facility income tax credit. (HB2147 HD1)
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2147 |
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TWENTY-THIRD LEGISLATURE, 2006 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO DROUGHT MITIGATING WATER STORAGE FACILITIES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-110.92, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:
"(e) The credit allowed under this section shall be available for taxable years beginning after December 31, 2000, and shall not be available for taxable years beginning after [December 31, 2005.] December 31, 2010."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2020.