The State of Hawai‘i offers a historic preservation income tax credit for the rehabilitation of historic structures. See HRS Sec. 235-110.97 (2019). The tax credit took effect on July 1, 2019 and is authorized for five years.
The tax credit is available for 30% of the qualified expenditures to preserve and rehabilitate certified historic buildings. The total amount of the cumulative credit is capped at $1,000,000 per year.