Establishes a one-time nonrefundable income tax credit for wind resistance retrofits for homeowners in Hawaii.

The bill creates a one-time nonrefundable income tax credit for homeowners in Hawaii to cover the costs of wind resistance retrofits on their primary residences. The credit is limited to $40,000 or the actual costs of the retrofit, whichever is less. Homeowners must apply to the insurance division of the Department of Commerce and Consumer Affairs for pre-certification of eligible costs before starting the retrofit work. The number of credits certified is capped at 2,000 in the first year and 4,000 in the second year.

Establishes a one-time nonrefundable income tax credit for wind resistance retrofits for homeowners in Hawaii.

The bill creates a one-time nonrefundable income tax credit for homeowners in Hawaii to cover the costs of wind resistance retrofits on their primary residences. The credit is limited to $40,000 or the actual costs of the retrofit, whichever is less. Homeowners must apply to the insurance division of the Department of Commerce and Consumer Affairs for pre-certification of eligible costs before starting the retrofit work. The number of credits certified is capped at 2,000 in the first year and 4,000 in the second year.