Hawaii HB313 aims to expand the state enterprise zone program to include homestead lots to stimulate economic growth.

Hawaii HB313 seeks to address the income disparity between native Hawaiians and the state population by expanding the state enterprise zone program. The bill aims to stimulate economic growth in areas with high poverty rates by designating eligible homestead lots as enterprise zones. Businesses on these lots would qualify for incentives such as a 100% exemption from the general excise tax, non-refundable income tax credits, priority business permit processing, and waiver of permit fees.

Hawaii HB313 aims to expand the state enterprise zone program to include homestead lots to stimulate economic growth.

Hawaii HB313 seeks to address the income disparity between native Hawaiians and the state population by expanding the state enterprise zone program. The bill aims to stimulate economic growth in areas with high poverty rates by designating eligible homestead lots as enterprise zones. Businesses on these lots would qualify for incentives such as a 100% exemption from the general excise tax, non-refundable income tax credits, priority business permit processing, and waiver of permit fees.