Establishes a tax credit for food and beverage supply chain resiliency and expedites permitting for related projects in Hawaii.

Hawaii HB499 aims to bolster the state's food and beverage supply chain resiliency by introducing a refundable income tax credit for qualified taxpayers. This credit applies to costs related to labor, infrastructure, equipment, utilities, and energy for food and beverage supply chain activities. The bill also mandates expedited permitting processes for certain food and beverage supply chain projects. The Department of Business, Economic Development, and Tourism is tasked with establishing these expedited permitting processes, while the Department of Taxation oversees the tax credit claims.

Establishes a tax credit for food and beverage supply chain resiliency and expedites permitting for related projects in Hawaii.

Hawaii HB499 aims to bolster the state's food and beverage supply chain resiliency by introducing a refundable income tax credit for qualified taxpayers. This credit applies to costs related to labor, infrastructure, equipment, utilities, and energy for food and beverage supply chain activities. The bill also mandates expedited permitting processes for certain food and beverage supply chain projects. The Department of Business, Economic Development, and Tourism is tasked with establishing these expedited permitting processes, while the Department of Taxation oversees the tax credit claims.