Bill Text: HI HB2049 | 2014 | Regular Session | Amended
Bill Title: State Enterprise Zones; Renewable Energy
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2014-02-10 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Belatti, Cachola, Takai excused (3). [HB2049 Detail]
Download: Hawaii-2014-HB2049-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2049 |
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TWENTY-SEVENTH LEGISLATURE, 2014 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO STATE ENTERPRISE ZONES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that the development or production of renewable energy will stimulate business, agricultural, and industrial growth in areas that will result in neighborhood revitalization. The addition of other forms of renewable resources to the state enterprise zone program is consistent with the current approved business activities, which presently include wind energy production. State enterprise zone tax incentives and regulatory flexibility will help attract renewable energy businesses and further the State's renewable energy goals.
The purpose of this Act is to expand eligible business activity in the state enterprise zones to include the development, production, or energy storage of various types of renewable energy.
SECTION 2. Section 209E-2, Hawaii Revised Statutes, is amended by amending the definition of "eligible business activity" to read as follows:
""Eligible business activity" means the:
(1) Manufacture of tangible personal property, the wholesale sale of tangible personal property as described in section 237-4, or a service business as defined in this section;
(2) Production of agricultural products where the business is a producer as defined in section 237-5, or the processing of agricultural products, all or some of which were grown within an enterprise zone;
(3) Research, development, sale, or production of all
types of genetically-engineered medical, agricultural, or maritime
biotechnology products; [or]
(4) Production of electric power from wind energy for
sale primarily to a public utility company for resale to the public[.];
or
(5) Development, production, or energy storage of fuels, thermal energy, or electrical energy from renewable resources, including:
(A) Wind;
(B) Sun;
(C) Falling water;
(D) Biogas, including landfill and sewage-based digester gas;
(E) Geothermal;
(F) Ocean water, currents, and waves, including ocean thermal energy conversion;
(G) Biomass, including biomass crops, agriculture and animal residues and wastes, and solid waste;
(H) Biofuels; and
(I) Hydrogen produced from renewable energy sources."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
Report Title:
State Enterprise Zones; Renewable Energy
Description:
Expands eligible business activity in the state enterprise zones to include the development, production, or storage of various types of renewable energy. (HB2049 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
