HB 1784 Summary

• Reinstates the Technology Infrastructure Renovation Tax Credit for taxable years beginning after December 31, 2024, and ending after December 31, 2027.

• Provides a tax credit equal to four percent of renovation costs incurred during the taxable year for technology-enabled infrastructure in Hawaii.

• Expands the definition of "technology-enabled infrastructure" to include data servers, defined as computer systems designed for processing, storage, retrieval, and management of electronic data.

• Broadens eligible renovation costs to include repair, replacement, monitoring, and testing of technology infrastructure in addition to planning, design, installation, and construction.

• Applies to taxable years beginning after December 31, 2024, with the credit sunset after December 31, 2027.