SB 3036, SD-1

SUBJECT:  INCOME, Grandfather Certain Renewable Energy Technologies Tax Credits

BILL NUMBER:  SB 3036, SD-1

INTRODUCED BY: Senate Committees on Energy, Economic Development, and Tourism and Commerce, Consumer Protection, and Health

EXECUTIVE SUMMARY: Provides that notwithstanding any law to the contrary or subsequent amendments to existing state renewable energy investment tax credits, a power purchase agreement approved by the public utilities commission prior to 12/31/2019 shall receive thirty-five per cent of the actual cost or up to the applicable cap amount of $500,000 per solar energy system.

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SB 2821, SD-1

SUBJECT:  INCOME, Phase Out Renewable Energy Technologies Credit for Residential Photovoltaic

BILL NUMBER:  SB 2821, SD-1

INTRODUCED BY:  Senate Committee on Energy, Economic Development, and Tourism

EXECUTIVE SUMMARY:   Beginning January 1, 2025, eliminates the renewable energy technologies income tax credit for solar energy systems for which the primary purpose is not to heat water for multi-family resident and commercial properties.

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SB 2820, SD-1

SUBJECT:  INCOME, Increase Multi-Family Cap for Renewable Energy Technologies Credit

BILL NUMBER:  SB 2820, SD-1

INTRODUCED BY:  Senate Committee on Energy, Economic Development, and Tourism

EXECUTIVE SUMMARY: Increase the renewable energy technology tax credit cap per unit per solar energy system for multi-family residential properties from $350 to $750. Applies to taxable years beginning after 12/31/2020.

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SB 2694, SD-1

SUBJECT: INCOME, Allow Allocations of Low-Income Housing Tax Credit

BILL NUMBER:  SB 2694, SD-1

INTRODUCED BY: Senate Committee on Housing

EXECUTIVE SUMMARY:   Changes tax credit allocation for partnerships and corporations. Makes inoperative at risk and passive activity loss rules with respect to certain low-income housing projects.  As a policy matter, if it is considered desirable to offer incentives to develop such projects, consideration should be given to attacking the root causes of why such projects are prohibitively expensive, such as the permitting process.

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SB 2687, SD-1

SUBJECT:  RENTAL MOTOR VEHICLE SURCHARGE TAX, Increase for Maui

BILL NUMBER:  SB 2687, SD-1

INTRODUCED BY: Senate Committee on Transportation

EXECUTIVE SUMMARY: Increases the amount of the rental motor vehicle surcharge tax from $5 to $8 for any county with a resident population of more than 125,000, but less than 195,000. Sets aside the revenue from the increased surcharge tax for capacity projects in that county.

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SB 2627, SD-1

SUBJECT:  INCOME, Increase Low-Income Household Renters Credit

BILL NUMBER:  SB 2627, SD-1

INTRODUCED BY:  Senate Committee on Housing

EXECUTIVE SUMMARY:   Increases the amount of the tax credit for individuals and households and the adjusted gross income eligibility cap for the income tax credit for low-income household renters using tax brackets for individuals and different categories of households and providing for annual increases based on the consumer price index.

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SB 2490, SD-1

SUBJECT:  INCOME, Assess Feasibility of Hawaii Retirement Savings Program

BILL NUMBER:  SB 2490, SD-1

INTRODUCED BY: Senate Committee on Labor, Culture & The Arts

EXECUTIVE SUMMARY: Establishes the Hawaii Retirement Savings Program task force, tasked with evaluating a retirement savings plan for non-government employees and reports findings and recommendations to the legislature. Appropriates funds. Task force dissolves on 3/15/2021.

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HB 2430, HD-1

SUBJECT:  GENERAL EXCISE, Exemption for Feminine Hygiene Products

BILL NUMBER:  HB 2430, HD-1

INTRODUCED BY:  House Committee on Lower and Higher Education

EXECUTIVE SUMMARY:  Promotes menstrual equity by providing an exemption from the GET, beginning October 1, 2020, for the sale of feminine hygiene products in the State.  Appropriates funds to the DOE to make feminine hygiene products available to students for free on public secondary school campuses.  Takes effect on 7/1/2050.

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HB 1946, HD-1

SUBJECT: TRANSIENT ACCOMODATIONS, Mode of Allocation to Counties

BILL NUMBER:  HB 1946, HD-1

INTRODUCED BY: House Committee on Tourism & International Affairs

EXECUTIVE SUMMARY: Amends the amount of transient accommodations tax revenues allocated to the counties from a specified sum to capped reimbursements to the county for expenditures related to specified county public services.

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