Bill > SB815

This bill modifies Hawaii's enterprise zone program to expand the types of business activities that can qualify for economic benefits and incentives. Specifically, the bill adds three new categories to the existing "eligible business activity" definition: (1) retail sales of tangible personal property manufactured within an enterprise zone and sold directly to consumers for their use, (2) processing of value-added agricultural products grown within an enterprise zone, and (3) professional services provided by healthcare professionals in healthcare-related sectors. The bill also provides a new definition for "tangible personal property" as physical items that can be touched, moved, and do not include electricity, real property, or intellectual property. The purpose of these changes is to modernize the enterprise zone program, which was originally established in 1986 to stimulate business growth, preserve and create jobs, and revitalize neighborhoods by offering benefits like tax relief, permitting assistance, and fee waivers. The modifications aim to reflect changes in modern business models, particularly for manufacturers who increasingly sell directly to consumers, and to support local businesses in Hawaii by making the enterprise zone program more flexible and inclusive.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=815&year=2026