Loading chat...
HI SB2820
Bill
AI Summary
- Amends Hawaii's renewable energy technologies income tax credit for solar energy systems installed after December 31, 2019
- Prohibits tax credits for solar energy systems of 5 megawatts or larger that require a public utilities commission-approved power purchase agreement, with limited exceptions
- Allows continued tax credits for solar systems of 5 megawatts or larger that received public utilities commission approval or pending approval before December 31, 2019, capped at $500,000 per system with at least 1,000 kilowatts direct current capacity
- Permits tax credits for solar energy systems integrated with pumped hydroelectric energy storage systems if project approval filings are submitted to the public utilities commission by December 31, 2021
- Changes distribution of tax credits for partnerships, S corporations, estates, and trusts to be determined by administrative rule instead of statutory reference
Legislative Description
Relating To Renewable Energy.
Income Tax Credit
Last Action
Enrolled to Governor.
7/13/2020
Committee Referrals
Finance6/25/2020
Energy & Environmental Protection3/9/2020
Ways and Means2/11/2020
Energy, Economic Development, and Tourism1/27/2020
Full Bill Text
No bill text available