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Measure details
Measure Title: RELATING TO TAXATION.
Report Title: Department of Taxation; Income Tax Credit; Hurricane Resistance Retrofit; General Excise Tax; Rate Reduction
Description: Establishes a nonrefundable individual income tax credit for a certain percentage of expenses paid to retrofit a residence with wind resistive devices or to purchase, install, or construct, a hurricane shelter on the taxpayer's property. Reduces the general excise tax rate on the gross proceeds or income from the sale of a concrete certified hurricane-resistant residential project or certain hurricane-resistant components of a high-rise condominium. Applies to taxable years beginning after 12/31/2026. Sunsets 12/31/2030.
Companion:  SB2884
Package: None
Current Referral: PBS/ECD, CPC, FIN
Introducer(s): IWAMOTO, ALCOS, GARCIA, MURAOKA, PERRUSO, PIERICK, SHIMIZU, Reyes Oda
Act:

Measure Status History

Sort by Date
DateChamberStatus Text
2/2/2026HReferred to PBS/ECD, CPC, FIN, referral sheet 6
1/28/2026HIntroduced and Pass First Reading.

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