HI SB2995

Establishes a business mitigation relief pilot program administered by the Department of Business, Economic Development, and Tourism to provide financial assistance to businesses and commercial property owners negatively impacted by Honolulu rail project construction.

Eligible businesses must be for-profit or non-religious non-profit organizations located adjacent to or directly affected by rail construction, solvent, in good standing with tax and licensing authorities, and meeting minimum operational and financial record requirements.

Excludes religious businesses, businesses deriving over 60% of revenues from alcoholic beverages, businesses with over 50% sexual content/services revenue, and national retailers unless operated under franchise by a single owner.

Eligible businesses can receive up to $50,000 annually or 60% of annual revenue loss for expenses including utilities, insurance, rent/mortgage, payroll, and other documented business expenses; businesses demonstrating at least 20% revenue loss qualify for full lost revenue assistance.

Program requires applications with federal tax returns, sales tax reports, bank statements, proof of bills owed, and tenant lease documentation; applicants can request reconsideration of denials; program terminates December 31 with unspecified effective date.