HI HB1929

Exempts gross proceeds or income from sales of produce at farmers' markets from Hawaii's general excise tax, provided the produce is intended for human consumption within the State.

Defines "farmers' market" as an outdoor market where independent business operators sell agricultural products grown in Hawaii and value-added products produced using Hawaii-grown agricultural products.

Defines "produce" as any fresh fruit or vegetable grown in soil or hydroponically, regardless of organic status, sold in the same general condition as when harvested.

Exemption does not apply to produce intended for human consumption outside of the State.

Effective date is July 1, 2030, and applies to gross income or gross proceeds received after December 31, 2013.