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HI HB1631
Bill
Status
Engrossed
3/4/2022
Primary Sponsor
Linda Clark
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AI Summary
- Creates a nonrefundable income tax credit of $100 for qualified Hawaii homeowners who install and place into service a water catchment system during the taxable year
- Water catchment system must have a minimum capacity of 1,000 gallons and be installed on residential property owned by the taxpayer in the State
- Each qualified taxpayer may claim only one tax credit; credit can be carried forward to subsequent years if it exceeds the taxpayer's income tax liability
- All claims for the tax credit must be filed within 12 months following the close of the taxable year, or the right to claim is forfeited
- Takes effect July 1, 2022, and applies to taxable years beginning after December 31, 2022
Legislative Description
Relating To Water Conservation.
Water Conservation
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
3/16/2022
Committee Referrals
Ways and Means3/16/2022
Water and Land3/11/2022
Finance2/16/2022
Water & Land1/26/2022
Full Bill Text
No bill text available