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HI SB815

HI SB815
Relating To Enterprise Zones.


summary

Introduced
01/17/2025
In Committee
01/23/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Amends the definition of "eligible business activity" for enterprise zone program purposes to include retail sales of tangible personal property manufactured and sold in the enterprise zone that is to be used or consumed by the purchaser and not for resale, the processing of value-added agricultural products grown within an enterprise zone, and the provision of professional services by health care professionals in health care related sectors.

AI Summary

This bill modernizes Hawaii's Enterprise Zone Program by expanding the definition of "eligible business activity" to include three new categories: (1) retail sales of tangible personal property (defined as physical, movable items excluding electricity, real property, and intellectual property) manufactured and sold within an enterprise zone for direct consumption by the purchaser, (2) processing of value-added agricultural products grown within an enterprise zone, and (3) professional services provided by healthcare professionals in various healthcare-related sectors such as home health care agencies and specialized care practices. The bill aims to update the program, which was originally established in 1986 to stimulate business growth, job creation, and neighborhood revitalization, by addressing changes in modern business models. Specifically, the legislation recognizes that manufacturers now often sell directly to consumers rather than exclusively through wholesalers, and seeks to make such businesses eligible for enterprise zone benefits like permitting assistance, fee waivers, and tax relief. The changes are intended to support local businesses, preserve and create jobs, and help Hawaii families thrive economically.

Committee Categories

Business and Industry

Sponsors (6)

Last Action

Referred to EDT, WAM. (on 01/23/2025)

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