Current through November, 2024
Section 15-6-8 - Procedure for termination of zone designation by State or counties(a) A county shall notify the department of any inability or unwillingness to continue any approved local incentives for any zone or zones within the county's jurisdiction. This shall result in termination of any affected zone on the date notification is received by the department. The department shall advise the department of taxation that the zone has been terminated.(b) If the department determines that a business is qualified to participate in the program prior to the termination of the zone by a county or prior to the zone's expiration at the end of its twenty-year life, the business may be eligible for state tax credits and the state general excise tax exemption for the remainder of the business' qualification period.[Eff 11/3/90; am and comp2/28/2015] (Auth: HRS § 209E-8) (Imp: HRS § 209E-13)