SB 697 Hawaii Senate · 2026 Regular Session

RELATING TO AN INCOME TAX CREDIT.

Summary

Establishes a nonrefundable individual income tax credit for expenses paid to retrofit a residence with wind resistive devices. Requires the Department of Taxation to prepare forms. Requires the Department of Commerce and Consumer Affairs to pre-certify claims. Appropriates funds. Applies to taxable years beginning after 12/31/2025. Sunsets 1/1/2028. Effective 7/1/2050. (SD1)

Issues: ✓ Budget & Taxes

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 17, 2025 Last action Dec 8, 2025

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What changed between versions

SB697 → SB697_SD1 · 5 edits

MODERATE

The bill was renumbered from SB 697 to SB 697 SD1 and updated with Senate amendment metadata. The core policy text regarding the wind resistance retrofit tax credit remains substantively identical, but the effective date was significantly delayed from 2025 to July 1, 2050, while the application year was pushed to after December 31, 2025, and the sunset date was set for January 1, 2028. Additionally, a new Section 3 was added to appropriate state funds for the program's administration.

Scope change

The bill's applicability was delayed; it now applies to taxable years beginning after December 31, 2025, instead of 2024, and the law does not take effect until July 1, 2050.

TIMELINE

The effective date was changed from an immediate or 2025 start to July 1, 2050, creating a significant delay in when the law becomes active.

The application year was shifted from beginning after December 31, 2024, to beginning after December 31, 2025.

A specific sunset date of January 1, 2028, was added, meaning the program will expire in 2028.

FISCAL

A new Section 3 was added to appropriate state general revenues for fiscal years 2025-2026 and 2026-2027 to fund the pre-certification process.

TECHNICAL

The bill number was updated to SB 697 SD1, and metadata fields such as sponsor name and amendment dates were inserted.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

Feb 10, 2025

Committee

Reported from CPN (Stand. Com. Rep. No. 169) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 31, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.

upper

Jan 24, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to CPN, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

3 primary · 0 co-sponsors