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HI SB1163

Bill

Status

Engrossed

3/5/2019

Primary Sponsor

Lorraine Inouye

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Adds a sunset provision to Hawaii's renewable energy tax credit, eliminating eligibility for systems installed after July 1, 2045.

  • Maintains existing tax credit rates of 35% for solar energy systems and 20% for wind-powered energy systems, subject to applicable caps.

  • Preserves current cap amounts for different property types: $5,000 for single-family residential solar, $350 per unit for multi-family, and $500,000 for commercial solar systems.

  • Retains existing provisions allowing taxpayers to carry forward unused credits to subsequent years and claim refunds under specified circumstances.

  • Takes effect on July 1, 2100, with no impact on rights, duties, or proceedings that matured before the effective date.

Legislative Description

Relating To Renewable Energy.

Tax Credit

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on LMG with none voting aye with reservations; none voting no (0) and Representative(s) Takumi excused (1).

3/14/2019

Committee Referrals

Legislative Management3/14/2019
Energy & Environmental Protection3/7/2019
Ways and Means2/15/2019
Energy, Economic Development, and Tourism1/28/2019

Full Bill Text

No bill text available