SB 2227, HD-1

SUBJECT:  TOBACCO, Include Electronic Smoking Products, Hike License Fees

BILL NUMBER:  SB 2227, HD-1

INTRODUCED BY: House Committee on Consumer Protection & Commerce

EXECUTIVE SUMMARY:   Establishes the offense of unlawful shipment of e-liquids and electronic smoking devices.  Increases the license fee for persons engaged as a wholesaler or dealer of cigarettes and tobacco products. Increases the retail tobacco permit fee for retailers engaged in the retail sale of cigarettes and tobacco products. Allocates a portion of funds collected on excise taxes on tobacco products to fund health education, prevention, and nicotine cessation programs for youth.

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SB 2545, Proposed HD-1

SUBJECT:  INCOME, Delay Delivery of Media Production Credit

BILL NUMBER:  SB 2545, Proposed HD-1

INTRODUCED BY: House Committee on Economic Development and Business

EXECUTIVE SUMMARY: Provides that credit claimed in 2019 applies to taxable years beginning in 2022, and that credit claimed in 2020 applies to taxable years beginning in 2023.  This appears to be a dangerous gambit and should be undertaken only upon showing compelling need.

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SB 2695, SD-2

SUBJECT: INCOME, Credit for Contributions to Housing Incentive Fund

BILL NUMBER:  SB 2695, SD-2

INTRODUCED BY: Senate Committee on Ways and Means

EXECUTIVE SUMMARY:   Creates the housing incentive fund to be administered by the Hawaii public housing authority. Allows the fund to be seeded with general obligation bonds. Establishes an income tax credit for individuals or corporations who contribute to the fund in the amount of __% of the amount contributed to the fund during the taxable year.

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SB 3036, HD-1

SUBJECT:  INCOME, Grandfather Certain Renewable Energy Technologies Tax Credits

BILL NUMBER:  SB 3036, HD-1

INTRODUCED BY: House Committee on Energy and Environmental Protection

EXECUTIVE SUMMARY:  Repeals the renewable energy technologies income tax credit for solar energy systems installed and placed in service for commercial properties that require a power purchase agreement (PPA) approved by the PUC, except for certain solar energy systems. Increases the renewable energy technologies income tax credit cap amount for multi-family residential properties.

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SB 3074, SD-2

SUBJECT:  INCOME, Increases Amount of Check-off for Hawaii Election Campaign Fund

BILL NUMBER:  SB 3074, SD-2

INTRODUCED BY: Senate Committee on Ways & Means

EXECUTIVE SUMMARY: Increases the maximum amount of public funds available in each election to certain state candidates by ten percent annually. Increases the amount of voluntary state income tax check-off contributions that may be designated for the Hawaii election campaign fund beginning on January 1, 2021.

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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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SB 3007, SD-2

SUBJECT:  INCOME, GENERAL EXCISE, MISCELLANEOUS, Public Disclosure of Credit Recipients

BILL NUMBER:  SB 3007, SD-2

INTRODUCED BY: Senate Committee on Ways & Means

EXECUTIVE SUMMARY:   Requires the Department of Business, Economic Development, and Tourism to make a public disclosure identifying the names of the taxpayers who are receiving tax credits and the total amount of tax credit received for specific economic activities.

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