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

This bill reinstates the income tax credit for expenses related to upgrading, converting, or connecting cesspools in Hawaii. The credit is intended to incentivize the replacement of substandard cesspools, which release untreated sewage into the ground, posing a risk to water resources. The credit amount is adjusted for inflation since its original establishment in 2015. The bill specifies the credit cap amounts for different types of cesspool upgrades or connections and allows unused credits to be carried over to subsequent years.

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

This bill reinstates the income tax credit for expenses related to upgrading, converting, or connecting cesspools in Hawaii. The credit is intended to incentivize the replacement of substandard cesspools, which release untreated sewage into the ground, posing a risk to water resources. The credit amount is adjusted for inflation since its original establishment in 2015. The bill specifies the credit cap amounts for different types of cesspool upgrades or connections and allows unused credits to be carried over to subsequent years.