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HI HB1228
Bill
Status
1/24/2013
Primary Sponsor
Gene Ward
Click for details
AI Summary
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Establishes a "means test" for the renewable energy technologies income tax credit, maintaining eligibility for individual taxpayers with adjusted gross income of $100,000 or less (or $200,000 or less for married filing jointly).
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Prohibits administrative rules requiring renewable energy technology systems to meet output capacity requirements from applying to taxpayers below the specified income thresholds.
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Applies to taxable years beginning after December 31, 2012.
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Supports Hawaii's clean energy initiative goals by making photovoltaic renewable energy system installation more affordable for lower-income taxpayers.
Legislative Description
Renewable Energy Technologies; Income Tax Credit
Last Action
The committee(s) on CPC recommend(s) that the measure be deferred.
2/11/2013