HI SB1675

Provides a general excise tax exemption for nonprofit organizations that install renewable energy technology systems for their own exclusive use.

Exemption is limited to a percentage of the actual installation cost, up to a specified maximum amount.

Addresses inequity where nonprofit organizations cannot benefit from the existing renewable energy technologies income tax credit due to their tax-exempt status.

Restricts the exemption to revenue-generating activities that benefit the public, excluding purely recreational activities or those that do not further the public good.

Referred to the Committee on Finance for further consideration.