HI SB760

Expands the definition of "qualified agricultural costs" under Hawaii's Important Agricultural Land tax credit to include clearing, removing trees and debris from, and soil restoration on former sugar and pineapple plantation lands designated as important agricultural lands that have been out of agricultural use for more than five years.

Requires that costs for restoration activities be incurred for operations or facilities specified in the definition of "agricultural business" in the statute.

Extends the deadline for the Department of Agriculture to certify tax credits from December 31, 2021 to December 31, 2029, allowing taxpayers with accumulated but unclaimed certified credits to continue claiming them in subsequent years.

Applies to taxable years beginning after December 31, 2019.