HI HB183

Exempts qualified small businesses engaged in manufacturing from Hawaii's general excise tax on their manufactured products for a maximum of five years

Defines "manufacturing" as producing, preparation, propagation, or processing of products from substances of natural origin, excluding packaging and labeling unless completed by original manufacturers

Requires qualified small businesses to employ at least three employees earning middle-income level wages as defined by the Department of Business, Economic Development, and Tourism

Requires small businesses to meet criteria established by the Department of Business, Economic Development, and Tourism and obtain a certificate of tax clearance from the Department of Taxation verifying all required returns and taxes have been filed and paid

Effective January 1, 2012