Hawaii SB2884 provides tax incentives for constructing or retrofitting residential buildings to withstand extreme hurricanes.

Hawaii SB2884 introduces tax incentives to encourage the construction and retrofitting of residential buildings to withstand extreme hurricanes. The bill offers a reduced tax rate for high-rise certified hurricane-resistant residential projects and a one-time nonrefundable tax credit for retrofitting existing structures. The credit covers costs for wind-resistant windows, doors, roofing systems, and related structural components. Additionally, the bill provides a tax credit for the purchase, installation, or construction of a hurricane shelter.

Hawaii SB2884 provides tax incentives for constructing or retrofitting residential buildings to withstand extreme hurricanes.

Hawaii SB2884 introduces tax incentives to encourage the construction and retrofitting of residential buildings to withstand extreme hurricanes. The bill offers a reduced tax rate for high-rise certified hurricane-resistant residential projects and a one-time nonrefundable tax credit for retrofitting existing structures. The credit covers costs for wind-resistant windows, doors, roofing systems, and related structural components. Additionally, the bill provides a tax credit for the purchase, installation, or construction of a hurricane shelter.