Bill Text: HI SB153 | 2012 | Regular Session | Amended

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Bill Title: Renewable Energy Systems Tax Credit

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2011-12-01 - Carried over to 2012 Regular Session. [SB153 Detail]

Download: Hawaii-2012-SB153-Amended.html

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STAND. COM. REP. NO. 124

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 153

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Energy and Environment, to which was referred S.B. No. 153 entitled:

 

"A BILL FOR AN ACT RELATING TO RENEWABLE ENERGY,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to raise the income tax credit for wind-powered energy systems to be on par with the credit for solar energy systems.

 

     Your Committee received testimony in support of this measure from Richard C. Lim, Department of Business, Economic Development, and Tourism.  Your Committee received comments on this measure from Frederick D. Pablo, Department of Taxation; Tax Foundation of Hawaii; and Warren Bollmeier, Hawaii Renewable Energy Alliance.

 

     Your Committee believes that providing the same incentives to implement wind energy technology as are provided for implementing solar energy technology will lead to greater overall use of renewable energy and reduce the State's dependence on fossil fuels.

 

     As affirmed by the record of votes of the members of your Committee on Energy and Environment that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 153 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committee on Energy and Environment,

 

		____________________________ MIKE GABBARD, Chair