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HI HB105

Bill

Official Source

Status

Introduced

1/16/2025

Primary Sponsor

Adrian Tam

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Establishes an income tax credit for qualified taxpayers who purchase electric garbage trucks, with the credit amount to be specified by the legislature
  • Defines "electric garbage truck" as a motor vehicle powered by an electric motor or fuel cell used for transport or disposal of garbage or solid waste
  • Limits total credits claimed statewide to a specified annual cap, with excess claimants eligible to claim credits in subsequent taxable years
  • Allows credits to be carried forward to future years if they exceed a taxpayer's net income tax liability in the current year
  • Applies to taxable years beginning after December 31, 2024

Legislative Description

Relating To Taxation.

Income Tax Credit

Last Action

Referred to EEP, FIN, referral sheet 1

1/21/2025

Committee Referrals

Energy & Environmental Protection1/21/2025

Full Bill Text

No bill text available