INCENTIVE DESCRIPTION

State: HI
Incentive Type: Special Purpose Zone Incentives and Credits
Incentive Title: Enterprise Zone Credits
Description: THE ENTERPRISE ZONE PROGRAM: The Enterprise Zone is a joint state-county partnership offering businesses tax incentives. Qualified businesses are eligible to receive the following exemptions: 1) 7 year exemption from the general excise tax; 2) 80% income tax credit for the first year, decreasing by 10% the next six years; and 3) income tax credit of 80% of unemployment taxes paid the first year, decreasing by 10% the next six years. Several counties also offer property tax abatement and fee exemption.
Eligibility Requirements: The following businesses are qualified to receive EZ benefits: telecommunication services, medical research, biotechnology research, environmental remediation technician training, wind energy production, data-systems services, international business training, or are in manufacturing, wholesaling, or avaition or maritime maintenance. The business must also meet employment requirements. Half of a business's AGI must be from one or more of the qualified activities. Retail businesses are not eligible.
Geographic Restrictions: Designated areas statewide
Granting Authority: Local counties & Dept. of Business, Economic Dev. & 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.