Hawaii SB2801 temporarily suspends certain tax credits to protect the general fund and address fiscal difficulties.

Hawaii SB2801 temporarily suspends several tax credits from January 1, 2026, to December 31, 2031, to protect the fiscal health of the state and ensure the general fund's stability. The suspended tax credits include those for renewable energy technologies, capital goods excise tax, high technology business investment, renewable fuels production, technology infrastructure renovation, and ship repair industry. The bill also allocates a portion of tax revenues to the land conservation fund and rental housing revolving fund.

Hawaii SB2801 temporarily suspends certain tax credits to protect the general fund and address fiscal difficulties.

Hawaii SB2801 temporarily suspends several tax credits from January 1, 2026, to December 31, 2031, to protect the fiscal health of the state and ensure the general fund's stability. The suspended tax credits include those for renewable energy technologies, capital goods excise tax, high technology business investment, renewable fuels production, technology infrastructure renovation, and ship repair industry. The bill also allocates a portion of tax revenues to the land conservation fund and rental housing revolving fund.