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HI HB311

Bill

Official Source

Status

Introduced

1/20/2023

Primary Sponsor

Cedric Gates

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Establishes a general excise tax (GET) exemption for sales of machinery, fuel, chemicals, seed, huli, animals, and feed to qualified kalo farmers directly related to their kalo farming operations
  • Defines "qualified farmer" as a person conducting kalo farming operations in Hawaii with either annual gross income of $10,000 or more from kalo farming, or average annual gross income of $10,000 or more over three preceding tax years
  • Requires the director of taxation to prepare forms and may adopt rules necessary to implement and administer the exemption
  • Applies to taxable years beginning after December 31, 2023
  • Aims to support economic growth in kalo farming and promote food independence and sustainability in Hawaii

Legislative Description

Relating To Kalo Farming.

General Excise Tax Exemption

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Todd excused (1).

2/16/2023

Committee Referrals

Finance2/16/2023
Agriculture1/25/2023

Full Bill Text

No bill text available