HI SB338

Reinstates the Technology Infrastructure Renovation Tax Credit for taxable years beginning after December 31, 2025, through December 31, 2027

Provides a 4% tax credit on renovation costs for technology-enabled infrastructure in Hawaii

Expands the definition of "technology-enabled infrastructure" to include data servers, which are computer systems for processing, storage, retrieval, and management of electronic data

Broadens "renovation costs" to include planning, designing, installing, repairing, replacing, monitoring, testing, and purchasing technology infrastructure equipment

Requires the Department of Taxation to submit a report on the tax credit program to the legislature by 2029