HI HB753

Establishes a one-time nonrefundable income tax credit of up to $1,500 for individual homeowners who install approved wind resistive devices on their primary residence.

Requires taxpayers to apply to the insurance division of the Department of Commerce and Consumer Affairs for pre-certification of eligible retrofit costs before beginning work.

Caps the number of certified credits at 2,000 in the first year of eligibility and 4,000 in the second year.

Applies to taxable years beginning after December 31, 2023, and expires on December 31, 2025, with the statute repealing automatically on that date.

Allows unused tax credits exceeding an individual's net income tax liability to carry forward to subsequent taxable years until exhausted.