|
THE SENATE |
S.B. NO. |
2020 |
|
TWENTY-SEVENTH LEGISLATURE, 2014 |
|
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
relating to economic development.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The Hawaii Revised Statutes is amended by adding a new chapter to be appropriately designated and to read as follows:
"Chapter
Agricultural foreign-trade zone
§ -1 Purpose. An agricultural foreign-trade zone can assist businesses with warehouse savings, import and export resources, manufacturing incentives, and export financing. Foreign-trade zones are intended to make United States companies more competitive globally by offsetting customs advantages available to overseas producers that compete with the domestic industry.
§ -2 Agricultural foreign-trade zone; established; boundaries. In accordance with the requirements of chapter 212, there is established an agricultural foreign-trade zone. The agricultural foreign-trade zone shall be restricted to the parcels of land identified by the following tax map keys: 7-1-002-099, 7-1-002-023, and 7-1-002-004.
§ -3 Jurisdiction. Any law to the contrary notwithstanding, the foreign-trade zone division of the department of business, economic development, and tourism shall have jurisdiction and administrative authority over the area described in section -2 being used as a foreign-trade zone.
§ -4 Benefits. The foreign-trade zone benefits shall apply to all businesses operating within the agricultural foreign-trade zone whose services relate to agriculture."
SECTION 2. This Act shall take effect upon its approval.
|
INTRODUCED BY: |
_____________________________ |
|
|
|
Report Title:
Agricultural Foreign-Trade Zone; Economic Development; Establishment
Description:
Establishes an agricultural foreign-trade zone; specifies boundaries, jurisdiction, and benefits.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.