HI HB1593

Expands the definition of "eligible business activity" under Hawaii's enterprise zones law to include construction and remodeling costs for healthcare facilities, historic properties, single-family residences, and multi-family dwellings.

Adds two new definitions: "historic property" (buildings over 50 years old listed on the National or Hawaii Register of Historic Places) and "multi-family dwelling" (structures providing shelter for more than two dwellings).

Increases the maximum number of enterprise zones that may be designated in each county from six to twelve areas for a twenty-year period.

Implements a recommendation from the 2009 Construction Industry Task Force to stimulate the construction industry and encourage private sector investment in depressed or economically deprived areas of the state.

Takes effect upon approval.