Hawaii HB1417 proposes to exclude the first $50,000 of income earned by farmers from state income tax to encourage agricultural growth.

Hawaii HB1417 aims to incentivize the growth of small, diversified farming businesses by excluding the first $50,000 of income earned by farmers from state income tax. This bill addresses the state's aging agricultural workforce and the financial struggles of small farms, aiming to attract younger generations into farming. The exclusion applies to taxable years beginning after December 31, 2025.

Hawaii HB1417 proposes to exclude the first $50,000 of income earned by farmers from state income tax to encourage agricultural growth.

Hawaii HB1417 aims to incentivize the growth of small, diversified farming businesses by excluding the first $50,000 of income earned by farmers from state income tax. This bill addresses the state's aging agricultural workforce and the financial struggles of small farms, aiming to attract younger generations into farming. The exclusion applies to taxable years beginning after December 31, 2025.