Hawaii SB13 establishes an aquaculture investment tax credit for businesses engaged in aquatic plant and animal farming.
Hawaii SB13 introduces an aquaculture investment tax credit for taxpayers investing in businesses involved in the propagation, cultivation, or farming of aquatic plants and animals in controlled environments. The credit is spread over five years, with specific percentages allocated each year. The bill outlines procedures for claiming the credit, including submission of a certified statement to the Department of Taxation and verification of qualifying investments.
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