HI HB92

Expands the definition of "qualified high technology business" to include agricultural businesses, making them eligible for tax credits for research activities under Section 235-110.91 of Hawaii Revised Statutes

Defines "agricultural business" as a company primarily focused on the development and sale of agricultural products

Redefines "qualified high technology business" as a small business or agricultural business that conducts qualified research and is registered to do business in Hawaii

Defines "small business" as a company with no more than 500 employees

Effective date of July 1, 3000 (placeholder date indicating the bill requires further amendment before implementation)