RES 693 Draft 02 2022-2024 - Laserfiche WebLink

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Page 11 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; 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;