States / Hawaii / HB 2526

HB 2526 In Committee

RELATING TO TAXATION.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
House
Introduced
Jan 28, 2026
Last action
Jan 28, 2026 — Introduced and Pass First Reading.
Session
2026
Momentum
41 · Moderate