FIN Defers HB3080

The House Finance committee (FIN) just deferred HB3080, the House version of the 15-20% production tax credit bill. Representative Glenn Wakai would like to further explore the possibility of including a provision that would require public disclosure of the Hawaii expenditures of each production that is granted tax credits. A follow-up decisionmaking hearing has not yet been announced.

On the other hand, HB2421, HD1 (20% investment tax credit buy-back bill), was passed with a defective date of 2020 (meaning a dummy date that allows for futher discussion).