HI HB2517

Expands the definition of "qualified cesspool" eligible for income tax credits to include cesspools certified by the county as located within 200 feet of an existing sewer system.

Maintains existing tax credit eligibility for cesspools certified by the department of health within 200 feet of shorelines, perennial streams, wetlands, or source water assessment program areas.

Allows a maximum of one tax credit per qualified cesspool or per tax map key for large capacity cesspools, with credits limited to the taxable year when expenses are certified.

For residential large capacity cesspools, allows credits up to a specified maximum amount per residential dwelling connected to the cesspool.

Takes effect July 1, 2030, with provisions for qualified expenses in taxable years beginning after December 31, 2015.