Bill Text: HI SB1164 | 2012 | Regular Session | Amended
Bill Title: Enterprise Zones; Renewable Energy
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Engrossed - Dead) 2011-12-01 - Carried over to 2012 Regular Session. [SB1164 Detail]
Download: Hawaii-2012-SB1164-Amended.html
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THE SENATE |
S.B. NO. |
1164 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
S.D. 2 |
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STATE OF HAWAII |
H.D. 1 |
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A BILL FOR AN ACT
RELATING TO ENTERPRISE ZONES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 209E-2, Hawaii Revised Statutes, is amended by amending the definition of "eligible business activity" to read as follows:
""Eligible business activity" means the:
(1) Manufacture of tangible personal property, the wholesale sale of tangible personal property as described in section 237-4, or a service business as defined in this section;
(2) Production of agricultural products where the business is a producer as defined in section 237-5, or the processing of agricultural products, all or some of which were grown within an enterprise zone;
(3) Research, development, sale, or production of all
types of genetically-engineered medical, agricultural, or maritime
biotechnology products; [or]
(4) Production of electric power from [wind] renewable
energy as defined in section 269-91, for sale primarily to a public
utility company for resale to the public[.]; or
(5) Ownership, control, operation, or management of any seawater air conditioning district cooling project."
SECTION 2. Section 209E-11, Hawaii Revised Statutes, is amended to read as follows:
"§209E-11 State general excise
exemptions. The department shall certify annually to the department of
taxation that any qualified business is exempt from the payment of general excise
taxes on the gross proceeds from an eligible business activity as defined in
this chapter; provided that agricultural businesses other than those engaged in
the production of genetically-engineered agricultural products shall not be
exempt from the payment of general excise taxes on the gross proceeds of
agricultural retail sales[.]; and provided further that this section
shall apply notwithstanding the provisions of section 237-13.5. The gross
proceeds received by a contractor licensed under chapter 444 shall be exempt
from the general excise tax for construction within an enterprise zone
performed for a qualified business within an enterprise zone or a business that
has been approved by the department to enroll into the enterprise zone
program. The exemption shall extend for a period not to exceed seven years; provided that for qualified businesses engaged in the
manufacturing of tangible personal property or the producing or processing of
agricultural products, the exemption shall extend for a period not to exceed
ten years; provided further that if a force majeure event occurs, then the
period of time shall be tolled until the force majeure event ceases."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2112.
Report Title:
Enterprise Zones; Renewable Energy
Description:
Amends the definition of "eligible business activity" in Hawaii's enterprise zone program to include the production of electric power from renewable energy and owning, controlling, operating, or managing a seawater air conditioning district cooling project. Effective July 1, 2112. (SB1164 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
