Hawaii HB1295: Relating to Clean Energy.

What the bill says

A bill for an act relating to clean energy.

From the engrossed text:

A BILL FOR AN ACT RELATING TO CLEAN ENERGY. SECTION 1. The legislature finds that the Inflation Reduction Act of 2022 introduced and expanded tax credits for clean energy technologies to accelerate the transition to a clean energy economy. In addition to providing incentives to spur private-sector investment, the Inflation Reduction Act includes provisions to enable tax-exempt and governmental entities to take an active role in building the clean energy economy. The Inflation Reduction Act allows for "elective pay", a tax credit monetization option commonly known as "direct pay", which makes clean energy tax benefits available to those historically excluded from claiming them, such as state and local governments, nonprofit organizations, and public utilities. Since these tax-exempt and governmental entities are not subject to federal income tax, they could not previously claim the credits, making those benefits available only to private energy developers. The elective pay provisions of the Inflation Reduction Act levels the playing field for tax-exempt HB1295 SDl LRB 25-1787.docx Page 2 H.B. NO. "- h and governmental entities and offers a tremendous opportunity to expand the reach of clean energy incentives. Accordingly, the purpose of this Act is to require all state and county agencies to utilize applicable federal clean energy tax credits, pursuant to the Inflation Reduction Act of 2022, for the purchase and financing of …

Read the full official text

Sponsors

• Kyle Yamashita (D, 12) · primary sponsor

Latest actions

1. April 2, 2026: Received notice of the discharge of all House Conferees (Hse. Com. No. 457).
2. April 1, 2026: House Conferee(s) discharged.
3. December 8, 2025: Carried over to 2026 Regular Session.
4. April 21, 2025: Received notice of appointment of House conferees (Hse. Com. No. 755).
5. April 17, 2025: House Conferees Appointed: Lowen, Takenouchi Co-Chairs; Kusch, Perruso, Alcos.
6. April 11, 2025: Received notice of disagreement (Hse. Com. No. 704).
7. April 10, 2025: House disagrees with Senate amendment (s).
8. April 8, 2025: Returned from Senate (Sen. Com. No. 754) in amended form (SD 1).
9. April 8, 2025: Report Adopted; Passed Third Reading, as amended (SD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House.
10. April 4, 2025: 48 Hrs. Notice 04-08-25.

Votes

• Report Adopted; Passed Third Reading, as amended (SD 1) (April 8, 2025): 23 yea, 2 nay, passed
• WAM: recommend(s) that the measure be PASSED, WITH AMENDMENTS (April 3, 2025): 13 yea, 0 nay, passed
• EIG: recommend(s) that the measure be PASSED, UNAMENDED (March 20, 2025): 4 yea, 0 nay, passed
• Third Reading as amended in HD 2 with none voting aye with reservations; Representative(s) Garcia, Kong voting no (2) and Representative(s) Pierick, Ward excused (2) (March 4, 2025): 47 yea, 2 nay, passed
• FIN: recommend that the measure be PASSED, WITH AMENDMENTS (February 20, 2025): 14 yea, 0 nay, passed
• Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Garcia voting no (1) and Representative(s) Cochran, Ward excused (2) (February 11, 2025): 48 yea, 1 nay, passed

Common questions

What is HB1295?

HB1295 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to Clean Energy.

What does HB1295 do?

In its own words: A bill for an act relating to clean energy.

What is the status of HB1295?

Failed as of April 2, 2026. Latest action: Received notice of the discharge of all House Conferees (Hse. Com. No. 457). (April 2, 2026).

Who sponsored HB1295?

Kyle Yamashita (D, 12).

Where is the official record for HB1295?

On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=1295&year=2026