![[logo] US EPA](http://www.epa.gov/epafiles/images/logo_epaseal.gif){kind=logo}
Funding Resources
Funding Resources
| HI High Technology Business Investment Tax Credit | |
|---|---|
| Type of Incentive | Tax |
| Eligible States | HI |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | Biogas, Biomass, Hydrogen, LFG, Municipal Solid Waste, Other |
| Eligible Project Size | All (MW) |
| Critical Information | Hawaii offers a 100 percent tax credit on an equity investment in a qualified high tech business. The purpose of this credit is to encourage investment in Hawaii's high tech companies. The credit will be allocated as follows: (1) 35 percent in the year the investment was made (maximum credit of $700,000) (2) 25 percent in the first year following the year in which the investment was made (maximum credit of $500,000 (3) 20 percent in the second year following the investment (maximum credit of $400,000) (4) 10 percent in the third year following the investment (maximum credit of $200,000) (5) 10 percent in the fourth year following the investment (maximum credit of $200,000). |
| Start Date | 7/1/2001 |
| End Date | 12/31/2010 |
| Minimum Efficiency (%) |
|
| Additional Information | A "qualified high technology business" is defined as "a business that conducts more than fifty percent of its activities in qualified research." "Qualified research" includes "non-fossil fuel energy-related technology," which is defined as "energy produced by wind, solar energy, hydropower, geothermal resources, ocean thermal energy conversion, wave energy, hydrogen, fuel cells, landfill gas, waste to energy, biomass including municipal solid waste, and biofuels." |
| Web Site |
http://www.state.hi.us/tax/announce/2003ann01.htm |
| Additional Web Site |
http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=HI12F&state=HI&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact |
Technical Section P.O. Box 259 Honolulu, HI 96809 U.S.A. Technical Section (tax.technical.section@hawaii.gov) (808) 587-1577 |