Hawaii SB2805 provides an agricultural investment tax credit to incentivize investment in agricultural production.

Hawaii SB2805 establishes an agricultural investment tax credit to encourage significant investment in agricultural production and support the expansion of crops that take longer to become productive. The credit applies to qualified agricultural costs, including expenditures for roads, utilities, agricultural processing facilities, water resources, feasibility studies, equipment, and planting of orchard or fruit-bearing crops. The credit is deductible from the taxpayer's net income tax liability and can be carried over to subsequent years if unused.

Hawaii SB2805 provides an agricultural investment tax credit to incentivize investment in agricultural production.

Hawaii SB2805 establishes an agricultural investment tax credit to encourage significant investment in agricultural production and support the expansion of crops that take longer to become productive. The credit applies to qualified agricultural costs, including expenditures for roads, utilities, agricultural processing facilities, water resources, feasibility studies, equipment, and planting of orchard or fruit-bearing crops. The credit is deductible from the taxpayer's net income tax liability and can be carried over to subsequent years if unused.