Amends the definition of "eligible business activity" for State Enterprise Zone Program purposes to include retail sales of tangible personal property manufactured and sold in the enterprise zone to the final consumer, the processing of value-added agricultural products grown within an enterprise zone, the provision of professional services by health care professionals in health-care-related sectors, the use of advanced manufacturing to produce products, or the development of cybersecurity technology. Extends the eligibility period of the state business tax credit and general excise tax exemption for qualified businesses within state enterprise zones from 7 years to 9 years. Extends the eligibility period of the general excise tax exemption for qualified businesses within state enterprise zones engaged in the manufacturing of tangible personal property or the producing or processing of agricultural products from 10 years to 12 years.
More detail
Makes the extension of the state business tax credit eligibility period applicable to taxable years beginning after 12/31/2025. Makes the extension of the general excise tax exemption eligibility period take effect on 1/1/2027. Effective 7/1/3000. (HD1)
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Where it stands
Introduced
Passed Senate
Passed House
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Apr 22Senate Conferees Appointed: DeCoite Chair; Kim, Kanuha Co-Chairs; Awa.Latest
Apr 22Received notice of Senate conferees (Sen. Com. No. 863).Minor
Apr 4Received from House (Hse. Com. No. 457).Minor
Apr 4Senate disagrees with House amendments.Minor
Apr 4Received notice of disagreement (Sen. Com. No. 590).Minor
Apr 3Reported from FIN (Stand. Com. Rep. No. 1900), recommending passage on Third Reading.
Apr 3Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.Passed House
Mar 28The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Hussey, Ward.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
Mar 25Bill scheduled to be heard by FIN on Friday, 03-28-25 3:30PM in House conference room 308 VIA VIDEOCONFERENCE.
Mar 21Reported from AGR (Stand. Com. Rep. No. 1407), recommending referral to FIN.
Mar 21Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Garrett, Kapela, Kitagawa, Ward excused (5).
Mar 19The committee on AGR recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 5 Ayes: Representative(s) Kahaloa, Kusch, Lowen, Perruso, Quinlan; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Ward.Minor
Vote recorded The committee on AGR recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
Mar 14Reported from ECD (Stand. Com. Rep. No. 1238) as amended in HD 1, recommending passage on Second Reading and referral to AGR/HLT.
Mar 14Passed Second Reading as amended in HD 1 and referred to the committee(s) on AGR/HLT with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Holt, Iwamoto, Ward excused (4).Minor
Mar 14Re-referred to ECD, AGR, FIN, referral sheet 23Minor
Mar 14Bill scheduled to be heard by AGR on Wednesday, 03-19-25 9:30AM in House conference room 325 VIA VIDEOCONFERENCE.
Mar 12The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Ilagan, Hussey, Tam, Templo, Todd, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Holt.Minor
Vote recorded The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Mar 7Bill scheduled to be heard by ECD on Wednesday, 03-12-25 10:00AM in House conference room 423 VIA VIDEOCONFERENCE.
Mar 6Pass First ReadingMinor
Mar 6Referred to ECD, AGR/HLT, FIN, referral sheet 19Minor
Mar 4Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
Vote recorded Report adopted; Passed Third Reading, as amended (SD 2). Result: pass.Upper
Mar 4Received from Senate (Sen. Com. No. 93) in amended form (SD 2).Minor
Feb 28Reported from WAM (Stand. Com. Rep. No. 827) with recommendation of passage on Third Reading, as amended (SD 2).
Feb 2848 Hrs. Notice 03-04-25.
Feb 18The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) DeCoite.Minor
Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Feb 14The committee(s) on WAM will hold a public decision making on 02-18-25 10:01AM; Conference Room 211 & Videoconference.
Feb 10Reported from EDT (Stand. Com. Rep. No. 123) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Feb 10Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
Jan 30The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 3 Aye(s): Senator(s) DeCoite, Wakai, Kim; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Fukunaga, Awa.Minor
Vote recorded The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Jan 27The committee(s) on EDT has scheduled a public hearing on 01-30-25 1:00PM; Conference Room 229 & Videoconference.