HOUSE OF REPRESENTATIVES	H.B. NO.	1815
THIRTY-SECOND LEGISLATURE, 2024		H.D. 1
STATE OF HAWAII		S.D. 1

A BILL FOR AN ACT

RELATING TO THE AGRIBUSINESS DEVELOPMENT CORPORATION.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 163D-2, Hawaii Revised Statutes, is amended by amending the definition of "enterprise" to read as follows:

""Enterprise" means a business with its principal place of business in Hawaii, which is, or proposes to be, engaged in agricultural crop development, development of new value-added products, enhancement of existing agricultural commodities, and the application of existing agricultural appurtenant facilities to productive uses; provided that the majority of whatever the corporation produces shall be produced for export. "Enterprise" includes a business engaged in agritourism."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on January 1, 2060.

Report Title:

Agribusiness Development Corporation; Enterprise; Definition; Agritourism

Description:

Includes agritourism in the definition of "enterprise" to authorize the Agribusiness Development Corporation to financially support businesses engaged in agritourism. Takes effect 1/1/2060. (SD1)

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