SB1069 Summary

• Establishes a tax credit for taxpayers who install helicopter noise-canceling technology systems on helicopters they own and operate primarily within Hawaii, available for taxable years beginning after December 31, 2019 and ending before January 1, 2022.

• Creates a tour helicopter surcharge on commercial helicopter businesses based on the number of passengers transported within a calendar month, with specific surcharge amounts to be determined.

• Establishes a helicopter noise-canceling technology system special fund to receive all proceeds from the tour helicopter surcharge, administered by the director of taxation.

• Requires taxpayers claiming the tax credit to submit certification from a qualified inspector that the helicopter and noise-canceling system meet specified requirements, with excess credits allowed to carry forward to subsequent years.

• Takes effect July 1, 2050.