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HI SB585

Bill

Official Source

Status

Introduced

1/18/2013

Primary Sponsor

Clarence Nishihara

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Clarifies the amount of the important agricultural land qualified agricultural cost tax credit.

  • Repeals the requirement that qualified agricultural costs be reduced by funds received from the irrigation repair and maintenance special fund.

  • Repeals the filing deadline requirement for claiming credits under the important agricultural land qualified agricultural cost tax credit law.

  • Intended to incentivize landowners and farmers to expand agricultural operations and enhance operating efficiencies on important agricultural lands.

Legislative Description

Taxation; Important agricultural land qualified agricultural cost tax credit

Last Action

Report adopted; Passed Second Reading and referred to WAM.

2/11/2013

Committee Referrals

Ways and Means2/11/2013
Agriculture1/22/2013

Full Bill Text

No bill text available