Report Title:

Solar Energy; Fuel Efficient Automobiles; General Excise Tax

Description:

Exempts solar energy system installation costs and the purchase of fuel efficient automobiles from the general excise tax.

THE SENATE	S.B. NO.	1098
TWENTY-FOURTH LEGISLATURE, 2007
STATE OF HAWAII

A BILL FOR AN ACT

relating to energy self-sufficiency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  Section 237-24.75, Hawaii Revised Statutes, is amended to read as follows:

"[[]§237-24.75[]]  Additional exemptions.  In addition to the amounts exempt under section 237-24, this chapter shall not apply to [amounts]:

(1) Amounts received as a beverage container deposit collected under chapter 342G, part VIII[.];

(2) Amounts received for the installation of solar thermal energy systems in single-family or multi-family residential properties or in commercial properties; and

(3) Amounts received for the purchase of fuel-efficient automobiles; provided that for the purposes of this paragraph, "fuel-efficient automobile" means automobiles that possess a miles per gallon rating, as calculated by the Environmental Protection Agency, that meets or exceeds thirty-five miles per gallon, for highway driving."

     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  Statutory material to be repealed is bracketed and stricken.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, 2007.

INTRODUCED BY:

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