Bill > HB105

This bill establishes a new income tax credit for businesses that purchase electric garbage trucks in Hawaii. The tax credit allows qualified taxpayers (businesses that are compensated for garbage or solid waste transport within the state) to deduct a specific amount from their net income tax liability for each electric garbage truck purchased. An electric garbage truck is defined as a motor vehicle powered by an electric motor using a high-capacity battery or fuel cell, specifically used for garbage or waste transport. The bill includes several key provisions: the tax credit can be carried forward to subsequent years if it exceeds the taxpayer's current tax liability, there is a total statewide cap on the amount of credits that can be issued in a given year, and taxpayers who cannot claim the credit due to the cap can do so in the following year. The Director of Taxation is authorized to create necessary forms, request information to validate credit claims, and adopt rules to implement the program. The tax credit will apply to taxable years beginning after December 31, 2024, giving businesses a financial incentive to transition to more environmentally friendly waste management vehicles.

Agriculture and Natural Resources

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=105&year=2026