Hawaii HB2526 provides tax incentives for constructing and retrofitting residential buildings to withstand extreme hurricane conditions.
Hawaii HB2526 aims to incentivize the construction and retrofitting of residential buildings to withstand extreme hurricane conditions through targeted state tax incentives. The bill introduces a tax credit for retrofitting existing residential structures to increase wind resistance and for the purchase, installation, or construction of a hurricane shelter. It also reduces the tax rate for the sale of certified hurricane-resistant residential projects.
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