STAND. COM. REP. NO. 226-14
Honolulu, Hawaii
, 2014
RE: H.B. No. 2618
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2014
State of Hawaii
Sir:
Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 2618 entitled:
"A BILL FOR AN ACT RELATING TO ENERGY STORAGE,"
begs leave to report as follows:
Your Committee has amended this measure by:
(1) Clarifying that the tax credit will be available to any taxpayer subject to income tax for each grid-connected energy storage property installed and placed in service in the State during the taxable year beginning after December 31, 2014, and not available for taxable years beginning after December 31, 2025;
(2) Requiring the Department of Business, Economic Development, and Tourism to certify eligible grid-connected energy storage property that qualifies for the tax credit;
(3) Making the tax credit available to grid-connected energy storage property that has a capacity of at least one megawatt-hour; and
(4) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2618, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2618, H.D. 1, and be referred to the Committee on Consumer Protection & Commerce.
Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,
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____________________________ CHRIS LEE, Chair |
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