Report Title:

Tax Credit; Drought Mitigating Water Storage Facilities

Description:

Extends the expiration date for the drought mitigating water storage facility income tax credit. (HB2147 HD1)

HOUSE OF REPRESENTATIVES

H.B. NO.

2147

TWENTY-THIRD LEGISLATURE, 2006

H.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO DROUGHT MITIGATING WATER STORAGE FACILITIES.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 235-110.92, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:

"(e) The credit allowed under this section shall be available for taxable years beginning after December 31, 2000, and shall not be available for taxable years beginning after [December 31, 2005.] December 31, 2010."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2020.