HI HB1324

Authorizes a 20% tax credit for qualified businesses engaged in producing or processing agricultural products for actual interisland transportation costs paid between islands within Hawaii.

Expands the definition of "eligible business activity" in enterprise zones to include interisland transportation of agricultural products alongside production and processing activities.

Requires the Department of Taxation to certify the transportation cost credit amount to taxpayers and allows the department to require receipts verifying actual costs paid.

Extends existing enterprise zone tax credit schedules for agricultural producers and processors beyond the seventh year at a rate of 20% for each of three subsequent tax years.

Takes effect on July 31, 2150.