HI SB302

Reinstates the technology infrastructure renovation tax credit for taxable years beginning after December 31, 2022, but not after December 31, 2025.

Expands the definition of "technology-enabled infrastructure" to include data servers, defined as computer systems used to hold large amounts of electronic data and provide database management and access services.

Requires the Department of Taxation to report to the legislature by twenty days prior to the 2024 regular session analyzing tax implications for exempting telecommunications machinery and equipment from chapter 237 taxes and use taxes under chapter 238.

Applies to taxable years beginning after December 31, 2022, with an effective date of June 30, 3000.