Expands tax credit for qualified agricultural costs to include costs related to planting orchard or fruit-bearing crops and improving former sugar.

Hawaii HB2017 amends the definition of "qualified agricultural costs" to include costs related to planting orchard or fruit-bearing crops and improving former sugar and pineapple plantation lands. The bill also expands the definition of "important agricultural lands" to include Hawaiian home lands designated for subsistence agriculture, supplemental agriculture, or pastoral. The changes apply to taxable years beginning after December 31, 2026.

Expands tax credit for qualified agricultural costs to include costs related to planting orchard or fruit-bearing crops and improving former sugar.

Hawaii HB2017 amends the definition of "qualified agricultural costs" to include costs related to planting orchard or fruit-bearing crops and improving former sugar and pineapple plantation lands. The bill also expands the definition of "important agricultural lands" to include Hawaiian home lands designated for subsistence agriculture, supplemental agriculture, or pastoral. The changes apply to taxable years beginning after December 31, 2026.