Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House committee approves amended renewable energy tax credit, narrows refundability for third‑party owners
Summary
The House Committee on Energy and Environmental Protection voted to pass HB2241 with amendments that align income thresholds with ownership status, set single and joint thresholds at $250,000 and $350,000 respectively, and bar refundable credits for third‑party owners claiming the credit on leased systems.
The House Committee on Energy and Environmental Protection voted to pass House Bill 2241 with amendments after extended testimony on administrability and equity.
The bill, which would change the renewable energy technology income tax credit, was discussed at length by representatives of the Hawaii State Energy Office, the Department of Taxation and industry groups. Committee members said the bill as drafted applied an income threshold and a cap lift inconsistently between owner‑owned systems and third‑party financed (leased) systems. The chair instructed staff to clarify the language so the threshold and the cap lift apply to the same…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
