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Committees pass amendment to expand ag tax credit to certain Hawaiian homelands, adopt Farm Bureau technical changes
Summary
Senate committees voted to pass SB2887 with amendments that would make specified Hawaiian homelands eligible for the important-ag land qualified agricultural cost tax credit and expand qualified costs; DHHL supported the measure with amendments while Farm Bureau urged a separate tax-credit structure.
On Feb. 12 the Agriculture/Environment (AEN) and Hawaiian Affairs committees advanced SB2887, which would amend Hawaii’s important agricultural lands (IAL) qualified agricultural cost tax credit to include some Hawaiian homelands and to broaden eligible costs to planting orchard/fruit or berry crops and clearing former plantation lands.
Oriana Leau, testifying for the Department of Hawaiian Home Lands (DHHL), said the department "stands on its written testimony in support with amendments" and requested the committee adopt the technical amendments noted…
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