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HI SB1163
Bill
Status
3/5/2019
Primary Sponsor
Lorraine Inouye
Click for details
AI Summary
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Adds a sunset provision to Hawaii's renewable energy tax credit, eliminating eligibility for systems installed after July 1, 2045.
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Maintains existing tax credit rates of 35% for solar energy systems and 20% for wind-powered energy systems, subject to applicable caps.
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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.
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Retains existing provisions allowing taxpayers to carry forward unused credits to subsequent years and claim refunds under specified circumstances.
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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