Hawaii HB2037 reenacts a tax credit limit and repeals related provisions in the Hawaii Revised Statutes.

Hawaii HB2037 reenacts the tax credit limit under Section 235-17 of the Hawaii Revised Statutes, setting the total amount of credits allowed at $60,000,000. If credits applied for exceed this amount, the excess will be treated as applied for in the subsequent year. The bill also repeals statutory material related to this tax credit, effective for taxable years beginning after December 31, 2026, and will be repealed on January 1, 2033.

Hawaii HB2037 reenacts a tax credit limit and repeals related provisions in the Hawaii Revised Statutes.

Hawaii HB2037 reenacts the tax credit limit under Section 235-17 of the Hawaii Revised Statutes, setting the total amount of credits allowed at $60,000,000. If credits applied for exceed this amount, the excess will be treated as applied for in the subsequent year. The bill also repeals statutory material related to this tax credit, effective for taxable years beginning after December 31, 2026, and will be repealed on January 1, 2033.