HI SB780

Expands the definition of eligible business activities in enterprise zones to include installation of renewable energy infrastructure for agricultural producers.

Extends tax credit eligibility periods for agricultural producers and renewable energy businesses serving agriculture indefinitely until Hawaii achieves constitutional agricultural self-sufficiency standards, rather than the standard 20-year limit.

Adds new qualification for qualified businesses to increase gross volume of agricultural products processed or renewable energy infrastructure installed for agricultural producers within enterprise zones by 2% annually.

Allows agricultural producers and renewable energy businesses to claim 80% of the business tax credit if they make investments in water infrastructure, farm labor housing, mechanization, food processing infrastructure, or renewable energy production capacity.

Requires the Department of Agriculture to evaluate and determine qualification for the enhanced agricultural tax credits.