HI HB1383

Establishes an agricultural import replacement task force within the Department of Agriculture to identify the top ten fruit and vegetable imports to Hawaii that can be commercially grown in the State, with report due by December 1, 2024, and task force dissolved June 30, 2025.

Task force membership includes representatives from the Department of Agriculture, University of Hawaii at Manoa College of Tropical Agriculture and Human Resources, Department of Education, county economic development offices (Kauai, Maui, Hawaii, and Honolulu), and invited representatives from Hawaii Farm Bureau and Hawaii Farmers Union United.

Creates an income tax credit for qualified taxpayers engaged in growing agricultural import replacements, with qualified expenses including equipment, materials, and supplies necessary for production.

Limits the annual aggregate tax credit to $5,000,000 across all taxpayers, with individual credit amounts equal to qualified expenses; taxpayers unable to claim credits due to the cap carry over to subsequent taxable years.

Requires taxpayers to submit certified statements to the Board of Agriculture by March 31 each year, with the Department of Agriculture responsible for verification, record-keeping, and issuing certificates; tax credit applies to taxable years beginning after December 31, 2024.