RES 630 Draft 02 2022-2024 - Laserfiche WebLink

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Page 11 NO 1 SECTION 7 . Section 23-92, Hawaii Revised Statutes, is 2 amended by amending subsection (c) to read as follows : 3 " (c) This section shall apply to the following: 4 (1) Sections 235-12 . 5 and 241-4 . 6--Credit for renewable 5 energy technology system installed and placed in 6 service in the State . For the purpose of section 23- 7 91 (b) (5) , this credit shall be deemed to have been 8 enacted for an economic benefit; [and] 9 (2) Section 235-17--Credit for qualified production costs 10 incurred for a qualified motion picture, digital 11 media, or film production [ .—] ; and 12 (3). Section 235- --Credit for cesspool upgrade, 13 conversion, or connection. " 14 SECTION 8 . Section 23-94, Hawaii Revised Statutes, is 15 amended by amending subsection (c) to read as follows : 16 " (c) This section shall apply to the following: 17 (1) Section 235-4 . 5 (a) --Exclusion of intangible income 18 earned by a trust sited in this State; 19 (2) Section 235-4 . 5 (b) --Exclusion of intangible income of 20 a foreign corporation owned by a trust sited in this 21 State;