Bill Text: HI HB602 | 2017 | Regular Session | Introduced
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 12-0)
Status: (Introduced - Dead) 2017-02-14 - The committee(s) on EEP/HLT recommend(s) that the measure be deferred. [HB602 Detail]
Download: Hawaii-2017-HB602-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
602 |
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TWENTY-NINTH LEGISLATURE, 2017 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to taxation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-16.5, Hawaii Revised Statutes, is amended as follows:
1. By amending subsection (e) to read:
"(e) The department of health shall:
(1) Certify all qualified cesspools for the purposes
of this section; [provided that, as a pilot program, the department of
health, in its discretion, may certify no more than two residential large
capacity cesspools as qualified cesspools;]
(2) Collect and maintain a record of all qualified expenses certified by an appropriate government agency for the taxable year; and
(3) Certify to each taxpayer the amount of credit the taxpayer may claim; provided that if, in any year, the annual amount of certified credits reaches $5,000,000 in the aggregate, the department of health shall immediately discontinue certifying credits and notify the department of taxation.
The director of health may adopt rules under chapter 91 as necessary to implement the certification requirements under this section.
2. By amending the definition of "qualified cesspool" in subsection (i) to read:
"Qualified cesspool" means a cesspool
that is [certified]:
(1) Certified by the department of health as being:
[(1)] (A) Located within:
[(A)] (i) [Two] Five
hundred feet of a shoreline, perennial stream, or wetland; or
[(B)] (ii) A source water
assessment program area (two year time of travel from a cesspool to a public
drinking water source); or
[(2)] (B) A residential large capacity
cesspool[.]; or
(2) Certified by a county or private sewer company as being appropriate for connection to its existing sewer system."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2016.
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INTRODUCED BY: |
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Report Title:
Cesspools; Income Tax Credit
Description:
Amends the cesspool upgrade, conversion, or connection income tax credit by: (1) deleting the residential large capacity cesspool certification pilot program; and (2) expanding the definition of "qualified cesspool" to include cesspools that are certified for connection to an existing sewer system.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
