Reinstates and expands the technology infrastructure renovation tax credit in Hawaii.

This bill reinstates and expands the technology infrastructure renovation tax credit in Hawaii, effective July 1, 2025. It aims to improve resilience against physical damage and cybersecurity threats by encouraging the modernization of equipment necessary for data storage. The credit applies to renovation costs incurred in Hawaii for technology-enabled infrastructure, including high-speed telecommunications systems, data servers, physical security systems, and environmental systems. The credit is available for taxable years beginning after December 31, 2025, but not after December 31, 2027.

Reinstates and expands the technology infrastructure renovation tax credit in Hawaii.

This bill reinstates and expands the technology infrastructure renovation tax credit in Hawaii, effective July 1, 2025. It aims to improve resilience against physical damage and cybersecurity threats by encouraging the modernization of equipment necessary for data storage. The credit applies to renovation costs incurred in Hawaii for technology-enabled infrastructure, including high-speed telecommunications systems, data servers, physical security systems, and environmental systems. The credit is available for taxable years beginning after December 31, 2025, but not after December 31, 2027.