The proposed legislation is expected to reinforce state laws governing waste disposal by requiring sellers of real estate to disclose whether a property includes a cesspool. This includes providing detailed information about the cesspool's mandated upgrade timeline and its environmental hazard rating. By mandating these disclosures, the bill aims to protect potential buyers and incentivize conversions from cesspools to more sustainable waste management systems.
Summary
SB947 is a legislative act introduced in the State of Hawaii aimed at addressing the critical issue of cesspool pollution. This act acknowledges the existence of over 80,000 cesspools in Hawaii, which release significant amounts of raw sewage into the environment daily, posing a substantial risk to public health and natural resources. To mitigate this issue, the bill intends to re-establish an income tax credit for the upgrade, conversion, or connection of cesspools to approved wastewater systems, effectively encouraging property owners to make necessary improvements.
Conclusion
Overall, SB947 represents a proactive approach toward reducing environmental hazards associated with cesspools. As the state continues to confront challenges related to wastewater management, the successful implementation of this bill could serve as a critical step in safeguarding public health and the natural ecosystem of Hawaii.
Contention
Key points of contention surrounding SB947 may revolve around its financial implications for taxpayers and the administration of the tax credit. While proponents argue that the income tax credit is essential for aiding residents financially burdened by the costs of cesspool upgrades, critics could point out concerns regarding the $5 million cap on total available credits in any fiscal year. Additionally, the enforcement of disclosure requirements could lead to challenges, particularly in ensuring compliance among sellers and clarity in communication to buyers.