Extends general excise tax exemption for qualified businesses in manufacturing and agriculture.

Hawaii SB681 amends the state general excise exemptions to extend the period of tax exemption for qualified businesses engaged in manufacturing tangible personal property or producing/processing agricultural products to a maximum of ten years. The exemption period can be paused if a force majeure event occurs. The bill also removes exemptions for businesses involved in the production of genetically-engineered agricultural products.

Extends general excise tax exemption for qualified businesses in manufacturing and agriculture.

Hawaii SB681 amends the state general excise exemptions to extend the period of tax exemption for qualified businesses engaged in manufacturing tangible personal property or producing/processing agricultural products to a maximum of ten years. The exemption period can be paused if a force majeure event occurs. The bill also removes exemptions for businesses involved in the production of genetically-engineered agricultural products.