CONFERENCE COMMITTEE REP. 105

Honolulu, Hawaii

, 2003

RE: S.B. No. 855

S.D. 1

H.D. 3

C.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 855, S.D. 1, H.D. 3, entitled:

"A BILL FOR AN ACT RELATING TO ENERGY,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to establish renewable energy tax credits for systems installed after June 30, 2003, subject to a declaration by the Governor that tax collections are higher than 7.5 percent of the general fund revenues collected in the prior two fiscal years.

Upon further consideration, your Committee on Conference has made the following amendments to S.B. 855, S.D. 1, H.D. 3:

(1) Changing the reporting deadline for the energy-efficiency policy review and evaluation to the regular session of 2007;

(2) Providing for thirty-five percent of the actual cost or $350 per unit, which ever is less, for multi-family residential property for solar thermal energy systems;

(3) Providing for thirty-five percent of the actual cost or $250,000, which ever is less, for commercial property for solar thermal energy systems

(4) Providing for twenty percent of the actual cost or $200 per unit, which ever is less, for multi-family residential property for wind powered energy systems;

(5) Providing for twenty percent of the actual cost or $250,000, which ever is less, for commercial property for wind powered energy systems;

(6) Providing for thirty-five percent of the actual cost or $1,750, which ever is less, for single family residential property for photovoltaic energy systems;

(7) Providing for thirty-five percent of the actual cost or $350 per unit, which ever is less, for multi-family residential property for photovoltaic energy systems;

(8) Providing for thirty-five percent of the actual cost or $250,000, whichever is less, for commercial property for photovoltaic energy systems;

(9) Amending the definition of "actual cost" to include costs for which another credit is claimed under chapter 235, Hawaii Revised Statutes;

(10) Deleting the requirement of a declaration by the Governor when tax collections are higher than 7.5 percent of the general fund revenues collected in the prior two fiscal years;

(11) Deleting the provision allowing taxpayers not able to claim the tax credit due to the cap to claim the credit in a subsequent year;

(12) Requiring the Director of Taxation to prepare forms identifying the technology type of each tax credit claimed, whether for solar thermal, photovoltaic from the sun, or wind;

(13) Requiring the Department of Taxation to assist with data collection by or before December, 2005, to the extent feasible using existing resources to assist the energy-efficiency policy review and evaluation; and

(14) Removing required data collection by installation type.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 855, S.D. 1, H.D. 3, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 855, S.D. 1, H.D. 3, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________

BRIAN SCHATZ, Co-Chair

____________________________

J. KALANI ENGLISH, Chair

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HERMINA M. MORITA, Co-Chair

____________________________

BRIAN T. TANIGUCHI, Co-Chair

____________________________

DWIGHT Y. TAKAMINE, Co-Chair