HB105

Hawaii HB105 introduces an income tax credit for taxpayers who purchase electric garbage trucks.

Hawaii HB105 amends Chapter 235 of the Hawaii Revised Statutes to create an income tax credit for qualified taxpayers who purchase electric garbage trucks. The credit is deductible from the taxpayer's net income tax liability for the taxable year in which it is claimed. The amount of the credit is determined by the number of electric garbage trucks purchased, with a cap on the total credits allowed. The Director of Taxation is responsible for preparing necessary forms and may require information to verify claims.