HI SB676

Expands the definition of "capital infrastructure costs" to include structures, machinery, equipment, and capital assets (previously limited to real property and fixtures).

Establishes a maximum annual tax credit per qualified infrastructure tenant (specific dollar amount to be filled in), with excess credits carrying forward to subsequent years until exhausted or until December 31, 2019.

Adds special purpose entities as eligible qualified infrastructure tenants if formed to raise investor capital, provided they cannot generate additional credits beyond the limits of the underlying qualified infrastructure tenant.

Requires qualified infrastructure tenants to relocate from the former Kapalama military reservation site to another location within Honolulu harbor within a specified timeframe (days not specified) or face credit recapture.

Requires taxpayers claiming the credit to submit information to the legislature within a specified timeframe (days not specified) including the credit amount and qualified infrastructure tenant identification.