HI HB571

Creates a temporary, refundable income tax credit for Hawaii taxpayers who own real property with albizia trees and pay for their trimming or removal by certified professionals.

Credit percentage and maximum annual amount per taxpayer are left blank in the bill text and require legislative specification.

Covers costs incurred after December 31, 2019, for work performed by certified arborists or tree service companies that are insured, bonded, and meet all state licensing requirements.

Allows the credit to be refunded to the taxpayer if it exceeds their income tax liability, with a $1 minimum threshold for refunds and claims must be filed within twelve months of the taxable year end.

Credit applies to taxable years beginning after December 31, 2019, and expires for taxable years beginning after December 31, 2021, making it a two-year temporary program.