Bill > SB596

This bill establishes a new income tax credit for businesses that purchase electric garbage trucks in Hawaii. Specifically, the bill allows qualified taxpayers (businesses that are compensated for garbage or solid waste transport within the state) to claim a tax credit for each electric garbage truck they purchase. 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 disposal. While the exact dollar amount of the tax credit is not specified in the bill (indicated by blank spaces), there is an overall cap on the total credits that can be issued in a given tax year. If a taxpayer's tax credit exceeds their current tax liability, they can carry forward the excess credit to use in subsequent years. The tax credit will apply to taxable years beginning after December 31, 2024, and the Director of Taxation is authorized to create necessary forms, request additional information from taxpayers, and adopt rules to implement the program. The bill aims to incentivize businesses to adopt more environmentally friendly waste disposal vehicles by providing a financial benefit for electric garbage truck purchases.

Budget and Finance, Transportation and Infrastructure

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=596&year=2026