Establishes an interisland produce shipping tax credit for farmers and ranchers in Hawaii.
The bill establishes an interisland produce shipping tax credit to alleviate the costs of interisland shipping for farmers and ranchers in Hawaii. Qualified taxpayers, including farmers, ranchers, food hubs, and broad line distributors, can claim a tax credit for qualified transportation costs incurred in transporting produce and agricultural goods between counties. The Department of Agriculture maintains records and certifies the total amount of tax credits, while the Department of Taxation prepares necessary forms and may audit claims.
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