Hawaii HB105 proposes an income tax credit for taxpayers purchasing electric garbage trucks.

Hawaii HB105 amends Chapter 235 of the Hawaii Revised Statutes to introduce an income tax credit for qualified taxpayers purchasing electric garbage trucks. The credit is deductible from the taxpayer's net income tax liability for the year the credit is claimed. The credit amount is set at a specific dollar value per truck. Partnerships, S corporations, estates, and trusts can also claim the credit for qualified expenses. The total credit allowed cannot exceed a specified dollar amount for all qualified trucks.

Hawaii HB105 proposes an income tax credit for taxpayers purchasing electric garbage trucks.

Hawaii HB105 amends Chapter 235 of the Hawaii Revised Statutes to introduce an income tax credit for qualified taxpayers purchasing electric garbage trucks. The credit is deductible from the taxpayer's net income tax liability for the year the credit is claimed. The credit amount is set at a specific dollar value per truck. Partnerships, S corporations, estates, and trusts can also claim the credit for qualified expenses. The total credit allowed cannot exceed a specified dollar amount for all qualified trucks.