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HI HB2299
Bill
Status
1/27/2016
Primary Sponsor
Joseph Souki
Click for details
AI Summary
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Amends the definition of "eligible business activity" under Hawaii Revised Statutes Section 209E-2 to include production of energy from solar, ocean thermal energy conversion, or hydrogen.
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Qualifies renewable energy projects only when located on real property within an enterprise zone and under control of the Natural Energy Laboratory of Hawaii Authority.
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Requires that renewable energy projects be established under a new lease executed on or after July 1, 2016 to receive enterprise zone incentives.
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Extends enterprise zone tax incentives to renewable energy technology businesses, in addition to existing categories including manufacturing, agriculture, biotechnology, and wind power production.
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Takes effect February 19, 2022.
Legislative Description
Natural Energy Laboratory of Hawaii Authority; Enterprise Zone Incentives; Renewable Energy Technology
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Luke, Nakashima, Souki excused (3).
2/18/2016