HI SB2234

Exempts renewable energy systems from Hawaii's general excise tax for sales, installation, servicing, and leasing transactions from January 1, 2011, through December 31, 2015.

Applies only to renewable energy systems that produce at least two megawatts of electrical power or 500,000 gallons of liquid fuels from renewable energy sources as defined in HRS section 269-91.

Excludes gross proceeds associated with preparation of plans, designs, or permitting activities from the exemption.

Purpose is to encourage expedited construction of renewable energy facilities by providing a five-year tax incentive period.