Bill > SB2527

This bill temporarily reinstates the Technology Infrastructure Renovation Tax Credit for taxable years beginning after December 31, 2024, and expands the definition of "technology-enabled infrastructure" to include data servers. The tax credit, which was previously available until December 31, 2010, will now be available until December 31, 2026. The purpose of this bill is to encourage the development and modernization of data storage infrastructure in Hawaii, which is seen as crucial for improving resilience against physical and cybersecurity threats and ensuring the continued, uninterrupted provision of services to businesses, government, and residents.