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HI SB2376
Bill
AI Summary
- Amends Hawaii's renewable fuels production tax credit to require that qualified production costs be incurred within the State and fuels sold for distribution in the State to claim the credit
- Allows taxpayers to qualify for a separate 10-year credit period for each distinct renewable fuels production facility at a separate physical site, rather than limiting related entities to a single credit period
- Extends the filing deadline for third-party certified statements from 30 days to 90 days following the close of the calendar year
- Permits excess tax credits that exceed the annual $20,000,000 aggregate cap to be carried forward and claimed in the subsequent year
- Protects critical energy infrastructure information from public disclosure while maintaining general transparency requirements under Hawaii's public records law
Legislative Description
Relating To The Renewable Fuels Production Tax Credit.
Renewable Fuels Production
Last Action
Bill scheduled to be heard by EEP on Tuesday, 03-17-26 9:15AM in House conference room 325 VIA VIDEOCONFERENCE.
3/12/2026
Committee Referrals
Energy & Environmental Protection3/12/2026
Ways and Means2/19/2026
Energy and Intergovernmental Affairs1/28/2026
Full Bill Text
No bill text available