August 15-17, 2014 Blaisdell Center, Honolulu, HI
DBEDT, Innovate Hawaii, Hawaii Fashion Exchange and the Hawaii Culture and Retail Association will showcase latest from cutting edge local entrepreneurs.
Hawaii – where life and aloha are part of the bottom lineNavigation
The Enterprise Zones (EZ) partnership program is a joint state-county effort intended to stimulate—via tax and other incentives—certain types of business activity, job preservation, and job creation in areas where they are most appropriate or most needed. Up to six zones can be designated per county. (See maps for existing zones.)
If your business (or a branch of your business) is eligible and located in one of the Enterprise Zones (EZ), you can reduce your state taxes and receive other county benefits for up to seven years by satisfying the EZ hiring and gross receipts requirements.
Businesses which satisfy all requirements will qualify for the following state tax benefits for up to seven consecutive years:
NOTE: The two income tax reductions combined cannot exceed 100% of income tax due.
Each county will offer eligible businesses additional benefits that may include one or more of the following:
To enroll in the Enterprise Zones partnership, at least half of a firm’s annual gross income in an EZ must be from one or more of the following activities:
Almost all other businesses are not eligible, including retailers and professional services. Contractors (firms which build, maintain, or repair real estate, such as custodial, construction, painting, electrical, and plumbing firms) also cannot enroll in the EZ program.
For more information regarding the Hawaii Enterprise Zones Program, contact Wayne Thom at email@example.com.