HI HB784

Requires agricultural producers in enterprise zones to have at least 50 percent of their production occur within enterprise zones located in the same county to qualify for tax credit benefits.

Extends the tax credit eligibility period for qualified businesses engaged in manufacturing, producing, or processing agricultural products from three additional years to six additional years after the seventh year of participation.

Allows receipts from value-added agricultural products made from crops grown within enterprise zones and sold at retail to count toward the gross receipts requirement for agricultural businesses.

Applies to taxable years beginning after December 31, 2016, supporting the state's goal of doubling food production by 2020 and advancing agricultural self-sufficiency.