HI SB2527

Reinstates the Technology Infrastructure Renovation Tax Credit for taxable years beginning after December 31, 2024, but ending after December 31, 2026

Provides a four percent tax credit on renovation costs incurred in Hawaii for technology-enabled infrastructure

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-enabled infrastructure machinery and equipment

Allows the credit for partnerships, S corporations, estates, trusts, and other entities taxed as partnerships for federal income tax purposes, with costs determined at the entity level