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HI HB286
Bill
Status
1/24/2011
Primary Sponsor
Clift Tsuji
Click for details
AI Summary
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Establishes a general excise tax exemption for gross income or gross proceeds from the sale of local agricultural products in Hawaii.
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Defines "local agricultural product" as any agricultural product raised or produced exclusively within the State of Hawaii.
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Exemption applies to sales of local agricultural products in natural or packaged state, sold separately from non-local agricultural products (except for packaging), and without processing outside the State.
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Exemption covers both retail and wholesale sales of qualifying local agricultural products.
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Effective date: July 1, 2020.
Legislative Description
Local Agricultural Product; General Excise Tax Exemption
Last Action
(H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting no (0) and Chong, Souki, Wooley excused (3).
2/16/2011