Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate committees pass renewable fuels production tax credit with DOTAX-driven amendments
Summary
SB 2376, which establishes a renewable fuels production tax credit, passed committee after the Department of Taxation won amendments adding definitions for qualifying costs, separate-site production, a prohibition on double-claiming credits, and a delayed taxable-year start. Supporters say the credit will spur local investment; critics warned about fiscal scale and certification needs.
The joint Senate hearing advanced SB 2376, a measure to create a renewable fuels production tax credit intended to stimulate local production of renewable fuels and broaden Hawaii’s economy.
Industry witnesses including Pacific Biodiesel and the Hawaii Renewable Fuels Coalition urged passage, saying the credit would encourage investment, support agriculture, and create local fuel production. "This bill updates…
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
