Bill > SB2376

This bill, effective for taxable years beginning after December 31, 2026, amends the Renewable Fuels Production Tax Credit to clarify that taxpayers can only claim the credit for qualified renewable fuels production costs incurred within the State and sold for distribution within the State. It also allows taxpayers to receive a separate ten-year credit period for each distinct renewable fuel production facility that independently meets the eligibility requirements, rather than a single credit period for all related entities. Additionally, the bill extends the deadline for taxpayers to file certain statements with the Hawaii State Energy Office from thirty to ninety days after the close of the calendar year, and it introduces new provisions for confidentiality of certain facility location and critical energy infrastructure information while making other information publicly accessible.

Budget and Finance, Government Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2376&year=2026