HI SB745

Adds "production of air conditioning from a seawater air conditioning district cooling system" as an eligible business activity under Hawaii's Enterprise Zone program.

Qualifies seawater air conditioning district cooling systems for enterprise zone tax benefits including general excise tax exemptions for up to seven years.

Excludes contractors' gross proceeds from general excise tax exemptions for construction of seawater air conditioning district cooling systems, despite the system itself being eligible for enterprise zone benefits.

Legislature finds the 28,000-ton seawater air conditioning system planned for downtown Honolulu could reduce Oahu's oil dependence by 178,000 barrels annually and generate $27.3 million in state taxes over its lifetime.

Takes effect July 1, 2112.