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SB 2884 SD1

Hawaii - Session 2026

Senate in_committee 2026-02-20
Bill Details

Title: Department of Taxation; Income Tax Credit; Hurricane Resistance Retrofit; General Excise Tax; Rate Reduction

Summary

Establishes a nonrefundable individual income tax credit for a certain percentage of expenses paid to retrofit a residence with wind resistive devices or to purchase, install, or construct, a hurricane shelter on the taxpayer's property. Reduces the general excise tax rate on the gross proceeds or income from the sale of a concrete high-rise certified hurricane-resistant residential project or certain hurricane-resistant components of the project. Applies to taxable years beginning after 12/31/2026. Sunsets 12/31/2030. Effective 7/1/2050. (SD1)

Sponsor
Mike Gabbard
Official Source Back to Bills
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Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2026-02-20 Status in_committee
2026-02-20 Latest Action Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
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