Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 797 entitled:

begs leave to report as follows:

The purpose of this bill is to support the use of renewable energy resources and technologies by repealing the sunset of certain renewable energy tax credits.

Specifically, this bill deletes the January 1, 2008 repeal date of Act 207, Session Laws of Hawaii, 2003, which created a new section in chapter 235, Hawaii Revised Statutes, that granted tax credits for solar thermal, wind-powered, and photovoltaic energy systems for single family residential, multi-family residential, and commercial properties.

Your Committee believes that the repeal of the sunset date will provide a strong policy statement in support of the use of renewable energy resources and technologies to meet the State's objective of energy self-sufficiency.

As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 797 and recommends that it pass Second Reading and be referred to the Committee on Consumer Protection & Commerce.