PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the Renewable Energy Technologies Income Tax Credit by adding an aggregate cap amount, setting income thresholds, adding a certification requirement, and adding a sunset date. Adds sunset dates to the Capital Goods Excise Tax Credit and Renewable Fuels Production Tax Credit. PART II: Beginning 1/1/2028, repeals the Technology Infrastructure Renovation Tax Credit. Beginning 1/1/2029, repeals the High Technology Business Investment Tax Credit and Tax Credit for Research Activities. (CD2)
This Senate Concurrent Resolution requests the Hawaii Public Utilities Commission to impose specific conditions before approving any liquefied natural gas-related costs for utilities. The bill requires that all LNG infrastructure costs be fully paid off by 2045, eliminates take-or-pay fuel contracts, prevents rate increases for Hawaii, Kauai, and Maui counties, and mandates utilities share fuel price volatility with customers. Additionally, the resolution asks the commission to deny LNG costs if cheaper renewable alternatives exist or if the agreement would lock utilities into purchasing more gas than needed for renewable energy operations. This measure directly affects Hawaiian Electric and other utilities by setting stricter financial and environmental criteria for approving natural gas projects.
This bill urges state agencies to form a working group to explore ways to protect Hawaii residents from rising insurance costs and reduced coverage due to climate change. The group would assess the state's exposure to extreme weather, identify existing recovery options, and analyze legal strategies to seek financial recovery from fossil fuel companies accused of contributing to climate disasters. Key members would include the Insurance Commissioner, Attorney General, and representatives from relevant government agencies and insurance associations. The working group is expected to submit its findings and recommendations to state committees by early 2027, with the group dissolving by June 2027.
Shortens the period during which certain judicial proceedings involving environmental assessments and environmental impact statements on actions that propose the use of land for, or construction of, affordable housing or clean energy projects must be initiated. Specifies that appeals from environmental courts that involve actions that propose the use of land for, or construction of, affordable housing or clean energy projects meet one of the grounds for transfer to the Supreme Court. Effective 7/1/3000. (HD3)
Amends the leadership, membership, powers, and duties of the Hawaii Climate Change Mitigation and Adaptation Commission. Establishes the powers and duties of the Climate Change Mitigation and Adaptation Commission Coordinator. Beginning after 12/31/2026, requires all department and agency plans and decisions to consider recommendations made by the Commission and Coordinator. Appropriates funds for positions and other expenses. Effective 7/1/3000. (HD1)
Appropriates funds to the Department of Hawaiian Home Lands for certain geothermal resource exploration and development activities and the hiring of consultants. Requires the Department of Hawaiian Home Lands to engage in consultation with beneficiaries of Hawaiian home lands regarding activities funded and to comply with the environmental impact statements law. Effective 7/1/3000. (HD2)
Prohibits the Public Utilities Commission from approving costs of infrastructure, operations and maintenance, fuel, or other costs relating to supplying and using liquefied natural gas unless certain conditions are met. Requires the Public Utilities Commission to consider the effect of fossil fuels on renewable energy, stranded investment risks and costs, and costs and risks of reliance on a single fuel supply or monopoly supplier when making determinations of the reasonableness of the costs pertaining to electric or gas utility system capital improvements and operations. Effective 7/1/3000. (HD1)
