Bill > SB1330

This bill amends provisions related to the Hawaii Technology Development Corporation by increasing the cap for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant programs from $3,000 to $6,000, expanding the Manufacturing Development Grant Program's eligible expenses. Specifically, the bill allows grants for purchasing renewable energy technology systems (like photovoltaic systems) to reduce manufacturing energy costs and clarifies that training can cover both new and existing manufacturing equipment. An important restriction is that any renewable energy system purchased through the Manufacturing Development Grant Program will not be eligible for a separate tax credit under section 235-12.5. The bill also modifies tax credit regulations to explicitly prevent taxpayers from claiming credits for renewable energy systems purchased with manufacturing development grants. These changes aim to provide more flexible financial support for small businesses and manufacturers in Hawaii, helping them invest in equipment, training, and energy-efficient technologies while preventing potential double-dipping of financial incentives.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1330&year=2026