HI HB205

Removes research, development, sale, or production of genetically-engineered medical, agricultural, or maritime biotechnology products from the definition of "eligible business activity" in state enterprise zones.

Eliminates tax exemptions for businesses engaged in genetically-engineered product activities that were previously allowed under enterprise zone provisions.

Removes language that specifically excluded genetically-engineered agricultural businesses from general excise tax exemptions, making the exemption language uniform for all agricultural businesses.

Effective date is July 1, 2011, and applies to tax years beginning after December 31, 2010.