Hawaii Tax Incentives

Hawaii tax incentives are superb. Hawaii tax incentives offer cuts. Hawaii tax incentives also offer credits. Hawaii tax incentives help with training. Hawaii tax incentives offer enterprise zones. Hawaii tax incentives even offer a foreign trade zone. Hawaii tax incentives are designed to constantly diversify its economy, and to attract / retain good paying jobs for its highly skilled workforce.

Streamlined Permitting

Honolulu County offers easy registration, straight-forward filing fees and efficient processing in a single agency jurisdiction. Information on registering your business can be found at businessregistration.com.

Tax Cuts

• A six year moratorium on any discriminatory taxes on electronic commerce or Internet access. This is part of Hawaii's "Internet Freedom Act" which falls under the income tax law, general excise tax and use tax law.
• Companies that manufacture capital goods for export do not have to pay state taxes in Hawaii.
• Hawaii has government taxation only at the state and local level.
• Locally manufactured goods do not have to pay general excise taxes. This includes computer software produced for export.
• The state does not have any stock transfer taxes. Banks and other financial institutions have to pay only single business taxes.
• The state does not have any taxes on furniture, equipment, inventory or machinery.
• There are no personal property taxes.
• There is no unincorporated business taxes.

Enterprise Zones Program

The program offers state and county taxation reduction and other benefits for up to seven years, for certain types of businesses that satisfy the EZ hiring and other requirements. A joint state-county effort, to stimulate job creation and economic diversification, in areas where they are most appropriate or needed.

Investment Tax Credit (Act 221)

Hands down, our state has the most progressive investment taxation credit in the country. This incentive offers 100% return on cash investments on a front-loaded basis over five years for Qualified High Technology Businesses.

Workforce Training Funds

The Employee Training Fund (ETF) administered by the the state's Department of Labor and Industrial Relations allows individual employers to send their employees and themselves for job related training classes. The Oahu Work Links also offer recruitment, training and financial assistance to employers seeking employees.

Foreign Trade Zone #9

Companies operating in the foreign trade zone can defer or avoid customs duty, take advantage of shifts in tariff schedule, minimize import quota risks, obtain "Made in Hawaii and Made in USA" labeling, avoid drawback costs and delays, as well as minimize state and local taxes.