HI HB2169

Provides a nonrefundable income tax credit to qualified employers for a percentage of wages paid to qualified employees at new or renovated hotel and resort facilities for seven taxable years following substantial completion of construction.

Allows qualified employees to include individuals newly hired at certified facilities who were not employed by the same employer at that facility for 40 or more hours in the 90 days before hire, and who are not replacing another employee (unless that employee left voluntarily or for cause).

Exempts amounts received from construction or renovation of hotel and resort facilities from general excise tax and use tax, provided projects are pre-certified by the Department of Business, Economic Development, and Tourism and meet specified requirements.

Requires hotel and resort construction or renovation projects to exceed $50,000,000 in costs by June 30, 2021, be substantially completed by that date, and use general contractors and subcontractors who are signatory parties to collective bargaining agreements with construction trade unions.

Takes effect July 1, 2030, except the employer income tax credit provision applies to taxable years beginning after December 31, 2014.