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Dec 19, 2024
What sales tax incentives are available for businesses in Hawaii’s manufacturing and entertainment industries?
In 2024, Hawaii offers GET incentives to support manufacturing and entertainment sectors:
Exported Goods Exemption: GET exemptions on goods/services sold out of state.
Enterprise Zones: Lower GET rates for businesses in designated zones, promoting economic development.
Renewable Energy Tax Credits: Credits for investments in renewable energy projects.
Tech Industry Incentives: Tax credits for investments and innovations in technology sectors.
Job Creation Credits: Credits for businesses creating new jobs in Hawaii.
Research and Development Tax Credits: Credits for qualifying R&D activities.
These incentives aim to reduce tax burdens, encourage sustainable development, and foster innovation, driving economic growth in key industries.
