Hawaii SB2376 amends the renewable fuels production tax credit, setting a cap and requiring confidential handling of certain information.

Hawaii SB2376 modifies the renewable fuels production tax credit by setting a cap of $3,500,000 per taxable year and requiring confidential treatment of specific information. It mandates that annual information identifying the location of renewable fuel production facilities be kept confidential if it could jeopardize critical energy infrastructure. The bill also limits the total tax credits issued to $20,000,000 per year and requires taxpayers to file a certified statement with the Hawaii state energy office.

Hawaii SB2376 amends the renewable fuels production tax credit, setting a cap and requiring confidential handling of certain information.

Hawaii SB2376 modifies the renewable fuels production tax credit by setting a cap of $3,500,000 per taxable year and requiring confidential treatment of specific information. It mandates that annual information identifying the location of renewable fuel production facilities be kept confidential if it could jeopardize critical energy infrastructure. The bill also limits the total tax credits issued to $20,000,000 per year and requires taxpayers to file a certified statement with the Hawaii state energy office.