Business / In Brief • Mar. 15, 2013
Panel advances solar tax credit bill
HONOLULU – The House Committee on Energy and Environmental Protection has moved forward a bill to amend Hawaii’s renewable energy tax credits.
The committee voted unanimously Thursday to approve the bill, which now goes to the committee on consumer protection.
Committee Chairman Chris Lee amended the utility-scale tax credit section of the bill based on public feedback.
He didn’t specify how much the tax credits would be, saying that’s the job of the Committee on Finance.
Gov. Neil Abercrombie says existing solar tax credits are costing the state too much money and wants to decrease them.
Reps. Ty Cullen, Denny Coffman and Faye Hanohano voted with reservations for the bill.
Cullen says he can’t support the bill fully without knowing its actual cost to the state.