Reinstates income tax credit for cesspool upgrades, conversions, or connections in Hawaii.

The bill reinstates the income tax credit for costs related to upgrading, converting, or connecting cesspools to septic systems, aerobic treatment units, or sewerage systems in Hawaii. The credit is equal to 35% of qualified expenses or a specified cap amount, whichever is less. The credit is available for taxable years beginning after December 31, 2026. The bill also establishes caps for the credit amount based on the type of cesspool upgrade or conversion.

Reinstates income tax credit for cesspool upgrades, conversions, or connections in Hawaii.

The bill reinstates the income tax credit for costs related to upgrading, converting, or connecting cesspools to septic systems, aerobic treatment units, or sewerage systems in Hawaii. The credit is equal to 35% of qualified expenses or a specified cap amount, whichever is less. The credit is available for taxable years beginning after December 31, 2026. The bill also establishes caps for the credit amount based on the type of cesspool upgrade or conversion.