HI HB1584

Requires each county to submit recommendations and maps of important agricultural lands to the Land Use Commission by June 30, 2019, or the Commission will identify and map these lands itself.

Extends the important agricultural land qualified agricultural cost tax credit period by 10 years and establishes a cumulative per-taxpayer limit of $1,000,000 across all years claimed.

Modifies tax credit claiming rules so that for taxable years beginning after December 31, 2017, taxpayers may only claim credits in the year costs were incurred (rather than subsequent years).

Appropriates unspecified sums to hire one full-time planner at the Department of Agriculture to certify tax credits and to provide grants-in-aid to counties for identification and mapping of important agricultural lands.

Takes effect July 1, 2050, with appropriations not lapsing at end of fiscal biennium but any unencumbered funds lapsing June 30, 2020.