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HB1702
SD1
(SSCR2847)
Status and Testimony
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RELATING TO THE CAPITAL INFRASTRUCTURE TAX CREDIT.
Creates a capital infrastructure tax credit for investors who invest in
qualified infrastructure tenants who are displaced by the Kapalama container
terminal project. Allows allocations of the capital infrastructure tax
credit to a partner under a partnership agreement even if the allocation does
not have substantial economic effect. Recaptures an unspecified percentage
of the capital infrastructure tax credit if the qualified infrastructure
tenant does not meet certain conditions at the close of any taxable year.
Effective 7/1/2050. (SD1)
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EGH, WAM
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HB2626
SD1
(SSCR2846)
Status and Testimony
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RELATING TO TAXATION.
Establishes an income tax credit for taxpayers who incur certain expenses for
manufacturing products in Hawaii. Effective 7/1/2050. Repeals 1/1/2023.
(SD1)
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EGH, WAM
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HB2060
SD1
(SSCR2887)
Status and Testimony
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RELATING TO TAXATION.
Establishes a renewable fuels production income tax credit. Repeals the
ethanol facility tax credit. Effective 07/01/2050. (SD1)
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ENE, WAM
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HB2618
SD1
(SSCR2874)
Status and Testimony
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RELATING TO ENERGY STORAGE.
Establishes an income tax credit for each grid-connected energy storage
property that is installed and placed in service in the State during the
taxable year beginning after December 31, 2014; provided that this tax credit
shall not be available for taxable years beginning after December 31, 2025.
Allows the tax credit to be claimed as either an investment credit or
utilization credit. Effective July 1, 2050. (SD1)
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ENE, WAM
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HB2059
SD1
(SSCR2912)
Status and Testimony
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RELATING TO HOUSING.
Amends the conveyance tax percentage amount paid into the Rental Housing
Trust Fund to fifty per cent and makes an appropriation to and out of the
fund for an increase in affordable rental housing units. Effective July 1,
2050. (SD1)
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HMS, WAM
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HB1772
HD1
(SSCR3026)
Status and Testimony
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RELATING TO THE GENERAL EXCISE TAX.
Exempts from the General Excise Tax amounts received by a contractor of the
Patient-Centered Community Care Program established by the United States
Department of Veterans Affairs for costs associated with health care provided
to veterans outside of the Veterans Affairs system. Effective July 1, 2014.
(HB1772 HD1)
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PSM/HTH, WAM
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HB2169
HD1
(SSCR2972)
Status and Testimony
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RELATING TO TOURISM STIMULUS INCENTIVES.
Provides qualified employers a non-refundable income tax credit of a
percentage of wages paid to qualified employees for a period after completion
of hotel and resort construction or renovation. Provides a general excise
tax and a use tax exemption for certain hotel and resort construction or
renovation. Effective July 1, 2030. (HB2169 HD1)
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TSM, WAM
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