HI SB341

Excludes income derived from taro cultivation and production of value-added taro products from state income tax up to an unspecified dollar amount per qualified taxpayer, with exclusion ceasing if locally grown taro acreage exceeds 30,000 acres statewide.

Exempts taro plants, taro corms, leaves, hulls, taro lands (including fallow rotation lands), and preparations of taro and poi from taxation for qualified taxpayers.

Defines "qualified taxpayer" as an individual engaged in taro production for sale or taro farming, and manufacturing, processing, or preparing taro for sale.

Authorizes the Department of Taxation to consult with the Office of Hawaiian Affairs in administering the tax exclusion.

Effective July 1, 2050, and applies to taxable years beginning after December 31, 2020.