HI HB2064

Creates an income tax credit of up to $10,000 per cesspool for property owners who upgrade or convert cesspools to septic systems, aerobic treatment units, or connect to sewer systems.

Caps total tax credits at $5,000,000 annually across all taxpayers; those denied due to the cap may claim the credit the following year.

Allows residential large capacity cesspools serving multiple dwellings to receive up to $10,000 per dwelling connected, with a pilot program limiting certification to two such cesspools.

Requires Department of Health to certify cesspools and qualified expenses, while excess credits may be carried forward to subsequent tax years until exhausted.

Takes effect for taxable years beginning after December 31, 2027, and sunsets on December 31, 2032.