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Bill > SB339

HI SB339

HI SB339
Relating To The Important Agricultural Land Qualified Agricultural Cost Tax Credit.

summary

Introduced
01/22/2021
In Committee
04/28/2022
Crossed Over
02/22/2021
Passed
05/03/2022
Dead
Signed/Enacted/Adopted
06/27/2022

Introduced Session

2021 Regular Session

Bill Summary

Clarifies that a taxpayer can claim the important agricultural land qualified agricultural cost tax credit in the third taxable year after application for first-year certification of the credit, rather than in any taxable year following the taxable year in which qualified agricultural costs were incurred. Extends the time that the department of agriculture may certify the important agricultural land qualified agricultural costs tax credit from 12/31/2021 to 12/31/2030. (SD1)

AI Summary

This bill extends the period during which the important agricultural land qualified agricultural cost tax credit is available in Hawaii. Specifically, it extends the time that the Department of Agriculture may certify the tax credit from December 31, 2021 to December 31, 2030. This will provide additional time for landowners and farmers to claim the tax credit, which is designed to support food self-sufficiency by helping to offset costs related to establishing and sustaining viable agricultural operations.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (9)

Last Action

Act 139, on 06/27/2022 (Gov. Msg. No. 1240). (on 06/27/2022)
(1 Companion Bills)

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Document Type Source Location
State Bill Page https://capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=339&year=2022
State Bill Page https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=339&year=2022
State Bill Page http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=339&year=2021
State Bill Page https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=339&year=2021
BillText https://www.capitol.hawaii.gov/session2022/bills/SB339_CD1_.HTM
Bill https://www.capitol.hawaii.gov/session2022/bills/SB339_CD1_.pdf
BillText https://www.capitol.hawaii.gov/session2022/bills/SB339_HD1_.HTM
Bill https://www.capitol.hawaii.gov/session2022/bills/SB339_HD1_.pdf
BillText https://www.capitol.hawaii.gov/session2022/bills/SB339_.HTM
BillText https://www.capitol.hawaii.gov/session2022/bills/SB339_SD2_.HTM
BillText https://www.capitol.hawaii.gov/session2022/bills/SB339_SD1_.HTM
Bill https://www.capitol.hawaii.gov/session2022/bills/SB339_.pdf
Bill https://www.capitol.hawaii.gov/session2022/bills/SB339_SD2_.pdf
Bill https://www.capitol.hawaii.gov/session2022/bills/SB339_SD1_.pdf
BillText https://www.capitol.hawaii.gov/session2021/bills/SB339_SD2_.HTM
Bill https://www.capitol.hawaii.gov/session2021/bills/SB339_SD2_.pdf
BillText https://www.capitol.hawaii.gov/session2021/bills/SB339_SD1_.HTM
Bill https://www.capitol.hawaii.gov/session2021/bills/SB339_SD1_.pdf
BillText https://www.capitol.hawaii.gov/session2021/bills/SB339_.HTM
Bill https://www.capitol.hawaii.gov/session2021/bills/SB339_.pdf
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