INCENTIVE DESCRIPTION

State:	HI
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Investment Credits
Description:	100% HIGH TECH INVESTMENT CREDIT: Structured as a 100% return on cash investments in a qualified high tech business on a front-loaded basis over 5 years -- 35% credit in the year of investment, 25% in the following year, 20% in the second year following, then 10% each in the third and fourth year following. The credit is designed to give a full 100% return for investments up to $2 million per year. 2. TECHNOLOGY INFRASTRUCTURE RENOVATION INCOME TAX CREDIT: This provides a 4% nonrefundable income tax credit for renovation work on office building that support high tech tenants by providing high volume digital or analog telecommunications, physical security systems, environmental systems, and backup power systems. 3. HIGH TECH INVESTMENT TAX CREDIT - FILM INDUSTRY: A taxpayer may receive a nonrefundable 100% tax credit over five years for the purchase of high tech equipment used to produce feature films, documentaries or TV shows or series. Credit is capped at $2,000,000 per year.
Eligibility Requirements:	1. A quality high tech business is defined as a business that conducts more than 50% of its total activities in qualified research. 3. Company must be willing to establish a presence in Hawaii.
Geographic Restrictions:	Statewide
Granting Authority:	Dept. of Business, Economic Development & Tourism

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.