Golden fresh farms tax incentives3/2/2024 Josh Green, who at a House Finance Committee briefing Tuesday said tax credits could help make agriculture a key driver for Hawaii’s economy. exempt qualified farmers from such costs, but Hawaii only exempts farmers from paying excise tax on fuel.Ī strong package of incentives – along with organic agriculture, specifically – have the backing of Gov. The bill would exempt qualifying farmers from general excise taxes on machinery, feed and seed, among other expenses. Cedric Gates, the newly appointed chair of the House Agriculture and Food Systems Committee. David Ige, who cited concerns that the bill’s language could lead retail businesses to claim tax breaks.Ī kalo farmer-focused bill will be introduced again this session, aimed at kalo growers earning more than $10,000 each year, according to Rep. Last year, one that would have cut taxes for kalo farmers was vetoed by former Gov. Tax incentives are often a hard sell at the Legislature. The lion’s share of farmers in Hawaii struggle to compete with prices for produce coming from the mainland. Lawmakers also plan to focus next session, which begins Wednesday, on farming and ranching challenges related to water, land, marketing, and pest and disease issues. The incentives are aimed at addressing the high cost of doing business in Hawaii, the logistical issues of marketing produce and competing with products coming from the mainland. Transportation, organic operations, kalo farming and workforce retention are priority issues in the bills, which will be put forward alongside a list of others focused on increasing food security in the islands. A suite of bills to boost agriculture is set to be introduced this coming legislative session with the goal of bringing Hawaii closer to other states when it comes to helping farmers.
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