HI HB1417

Excludes the first $50,000 of income from state income tax for qualifying farmers

Defines "farmer" as an individual earning more than 75% of their gross income from farm products

"Farm products" includes crops, bioenergy crops, flowers, vegetables, fruits, timber, livestock, poultry, bees, fish, and other aquatic life propagated for economic or personal use

Hawaii has the oldest farmers in the U.S., with twice as many farmers over 75 as under 35, and nearly 80% of the state's 7,000+ farms have annual sales under $25,000

Applies to taxable years beginning after December 31, 2025