Category Archives: Franchise (HRS 241)

For financial institutions

HB 202, HD-2

SUBJECT:  INCOME, FRANCHISE, Partial Repeal of Renewable Energy Technologies Credit

BILL NUMBER:  HB 202, HD-2

INTRODUCED BY:  House Committee on Finance

EXECUTIVE SUMMARY:  Repeals the renewable energy technologies tax credit for solar energy systems and wind-powered energy systems for commercial properties for taxable years beginning after December 31, 2019, except for taxpayers subject to a power purchase agreement approved by a decision and order issued by the PUC prior to December 31, 2019. Increases the renewable energy technologies tax credit for solar water heater systems, other solar energy systems, and wind-powered energy systems for multi-family residential properties. Makes the renewable energy technologies tax credit unavailable after 12/31/2045.

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HB 202

SUBJECT:  INCOME, FRANCHISE, Renewable Energy Technologies Credit

BILL NUMBER:  HB 202

INTRODUCED BY:  LOWEN

EXECUTIVE SUMMARY:  Amends the renewable energy technologies income tax credit to change limitations for certain technology types.  Provides increased caps for photovoltaic property that is grid-connected and incorporates energy storage system.  Allows credit for commercial seawater air conditioning system.  Generally, the credit is being phased down, perhaps in recognition that the technology involved is no longer new.  If approved, the credit would be an indeterminate expenditure of public dollars out the back door and could carry with it large administrative costs.

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HB 1522

SUBJECT:  INCOME, FRANCHISE, INSURANCE PREMIUM, Diversified Farming Business Investment Tax Credit

BILL NUMBER:  HB 1522

INTRODUCED BY:  MCKELVEY, MORIKAWA, SAN BUENAVENTURA, TODD, WARD

EXECUTIVE SUMMARY:  Enacts a new income tax credit to encourage investment in sustainable agriculture.  A direct appropriation would be preferable as it would provide some accountability for the taxpayer funds being utilized to support this effort.  Meaning, we as taxpayers know what we’re getting and we know how much we’re paying for it.

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HB 1216

SUBJECT:  INCOME, FRANCHISE, Low-Income Housing Investment Tax Credit

BILL NUMBER:  HB 1216

INTRODUCED BY:  CHOY

EXECUTIVE SUMMARY:  Enacts a new income tax credit to encourage investment in low-income housing projects.  A direct appropriation would be preferable as it would provide some accountability for the taxpayer funds being utilized to support this effort.  Meaning, we as taxpayers know what we’re getting and we know how much we’re paying for it.

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