HOUSE OF REPRESENTATIVES

 

 

AMENDMENT TO:			S.B. No. 464, S.D. 2, H.D. 2, C.D. 1, RELATING TO TAXATION
OFFERED BY:		Representative Hermina M. Morita
DATE:	May 5, 2009

 

     SECTION 1.  Section 1 of Senate Bill No. 464, S.D. 2, H.D. 2, C.D. 1 (RELATING TO TAXATION), is amended by amending subsection (b) of section 235-12.5, Hawaii Revised Statutes, to read as follows:

     "(b)  The amount of credit allowed for each eligible renewable energy technology system shall not exceed the applicable cap amount, which is determined as follows:

     (1)  If the primary purpose of the solar energy system is to use energy from the sun to heat water for household use, then the cap amounts shall be:

         (A)  $2,250 per system for single-family residential property;

         (B)  $350 per unit per system for multi-family residential property; and

         (C)  $250,000 per system for commercial property;

     (2)  For all other solar energy systems, the cap amounts shall be:

         (A)  $5,000 per system for single-family residential property; provided that if all or a portion of the system is used to fulfill the substitute renewable energy technology requirement pursuant to section 196-6.5(a)(3), the credit shall be reduced by thirty-five per cent of the actual system cost or $2,250, whichever is less;

         (B)  $350 per unit per system for multi-family residential property; and

         (C)  $500,000 per system for commercial property;

         and

     (3)  For all wind-powered energy systems, the cap amounts shall be:

         (A)  $1,500 per system for single-family residential property; provided that if all or a portion of the system is used to fulfill the substitute renewable energy technology requirement pursuant to section 196-6.5(a)(3), the credit shall be reduced by twenty per cent of the actual system cost or $1,500, whichever is less;

          (B)  $200 per unit per system for multi-family residential property; and

         (C)  $500,000 per system for commercial property."

 

	CARRIED		FAILED TO CARRY		WITHDRAWN
	CHIEF CLERK, HOUSE OF REPRESENTATIVES