Breakthrough Technologies Institute - Fuel Cells 2000
Breakthrough Technologies Institute - Fuel Cells 2000
Breakthrough Technologies Institute - Fuel Cells 2000
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High Technology Business Investment Credit<br />
www.hitechhawaii.com/taxincentives.asp<br />
In order to stimulate investment in Hawaii high technology businesses and expand<br />
venture capital market, a nonrefundable high technology business investment tax credit<br />
of up to $2 million is available for each taxpayer that is subject to Hawaii income tax for<br />
an investment in a qualifying business. A credit is allowable for each year during a fiveyear<br />
period and declines from 35% to 10% from the date of the "investment" for<br />
investments made through the year 2005. The credit is capped at varying amounts<br />
($700,000 in the year the investment is made to $200,000 in the last year).<br />
A Qualifying High Technology Business (QHTB) is defined as a business that conducts<br />
more than 50% of its total activities in qualified research. For the investment credit, a<br />
QHTB must do more than 75% of its qualified research in Hawaii. Qualified research<br />
includes non fossil fuel energy-related technologies (fuel cell technology is eligible).<br />
Contact:<br />
Hitech Hawaii<br />
High Technology Development Corporation<br />
Manoa Innovation Center, Suite 100<br />
2800 Woodlawn Drive<br />
Honolulu, HI 96822<br />
Phone: (888) 677-4292<br />
E-mail: www.hitechhawaii.com/contactsubmit.asp<br />
Web: www.hitechhawaii.com<br />
NELHA Gateway Distributed Energy Resources Center<br />
www.nelha.org/about/gateway.html<br />
The National Energy Laboratory of Hawaii (NELHA), a state-operated science and<br />
technology park located on the Big Island, is in the process of developing the Gateway<br />
Distributed Energy Resources (DER) Center, a state-of-the-art alternative energy<br />
research, development, education and outreach facility and incubator for companies<br />
focused on renewable/distributed energy generation and hydrogen. The DER Center<br />
will also host the Hydrogen Power Park demonstration of hydrogen production and<br />
storage, and grid-connected fuel cells.<br />
Contact:<br />
National Energy Laboratory of Hawaii<br />
73-4460 Queen Ka'ahumanu Highway, #101<br />
Kailua-Kona, HI 96740-2637<br />
Phone: (808) 329-7341<br />
Fax: (808) 326-3262<br />
E-mail: nelha@nelha.org<br />
Web: www.nelha.org<br />
8. STATE AND LOCALLY-SUPPORTED DEMONSTRATIONS<br />
73
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