HB 313 Summary

• Designates all eligible homestead lots under the Hawaiian Homes Commission Act of 1920 as state enterprise zones for twenty years, in addition to the six enterprise zones already authorized per county.

• Exempts businesses on homestead lots from existing enterprise zone eligibility requirements, including the ten percent employment increase and fifty percent gross receipts thresholds that apply to other qualified businesses.

• Creates simplified eligibility criteria for homestead lot businesses requiring only that they conduct trade or business in an eligible activity and maintain fifty percent of gross receipts from within-county enterprise zone operations.

• Extends state enterprise zone tax incentives to homestead lot businesses, including general excise tax exemptions, income tax credits, priority permit processing, and waiver of permit fees.

• Effective upon approval.