Bill Text: HI SB2288 | 2012 | Regular Session | Amended

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Bill Title: Renewable Energy Technologies; Renewable Energy Systems; Tax Credit; GO Bonds

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Engrossed - Dead) 2012-04-23 - (H) Received notice of Senate conferees (Sen. Com. No. 797). [SB2288 Detail]

Download: Hawaii-2012-SB2288-Amended.html

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STAND. COM. REP. NO.  1606-12

 

Honolulu, Hawaii

                , 2012

 

RE:   S.B. No. 2288

      S.D. 1

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred S.B. No. 2288, S.D. 1, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO ENERGY,"

 

begs leave to report as follows:

 

     The purpose of this measure is to ensure the cost effectiveness of renewable energy technology projects by:

 

     (1)  Disallowing a taxpayer to claim a tax credit for renewable energy technologies for installing a renewable energy system for, or entering into a power purchase agreement with, a county, state, or federal agency;

 

     (2)  Applying the renewable energy technologies credit on a per-property rather than a per-system basis; and

 

     (3)  Authorizing the issuance of general obligation bonds to purchase renewable energy systems for state facilities.

 

     The Department of Taxation and ProVision Solar, Inc. testified in support of this measure.  The Department of Design and Construction of the City and County of Honolulu; Sierra Club, Hawaii Chapter; Kairos Energy Capital, LLC; SunRun; Rising Sun; Forest City Hawaii; SunPower; Solar Energy Industries Association; Hawaii PV Coalition; and Blue Planet Foundation testified in opposition to this measure.  The Department of Business, Economic Development, and Tourism and Tax Foundation of Hawaii provided comments.  

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2288, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ MARCUS R. OSHIRO, Chair