SB1163 Summary

• Adds a sunset provision to Hawaii's renewable energy technology income tax credit, making the credit unavailable for taxable years ending 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 cap amounts

• Preserves all current eligibility requirements, cap amounts by property type (residential, multi-family, commercial), and refund provisions for individual taxpayers

• Effective date of July 1, 2100 applies only to the statutory text changes; the sunset provision itself becomes operative on July 1, 2045