STAND

 

STAND. COM. REP. 2327

Honolulu, Hawaii

, 2004

RE: S.B. No. 3162

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Energy and Environment, to which was referred S.B. No. 3162 entitled:

"A BILL FOR AN ACT RELATING TO RENEWABLE ENERGY TECHNOLOGIES INCOME TAX CREDIT,"

begs leave to report as follows:

The purpose of this measure is to provide a tax credit for the installation of renewable energy technology systems.

PowerLight Solar Electric Systems, Hawaii Solar Energy Association, Hawaii PV Coalition, Hawaiian Electric Company Inc., Hawaii Renewable Energy Alliance, and the Sierra Club, Hawaii Chapter all testified in support of the measure. The Department of Taxation offered comments on the measure.

Your Committee finds that this measure will decrease Hawaii's dependence on fossil fuels and encourage the use of renewable energy technology. Further, this renewable energy technology systems tax credit represents a proactive approach by the State in taking a leadership role in encouraging the increased use of renewable energy sources by Hawaii's citizens.

As affirmed by the record of votes of the members of your Committee on Energy and Environment that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3162 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Energy and Environment,

		____________________________ J. KALANI ENGLISH, Chair