THE SENATE

S.B. NO.

2020

TWENTY-SEVENTH LEGISLATURE, 2014

S.D. 2

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, the importing and exporting of 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; establishment; boundaries. In accordance with the requirements of sections 212-3 and 212-4, the governor may do all things necessary and proper to carry into effect the establishing, maintaining, and operating of an agricultural foreign-trade zone; provided that the agricultural foreign-trade zone shall be restricted to the parcels of land identified by the following tax map keys: 7-1-002: 009, 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 made available under chapter 212 shall apply to all businesses operating within the agricultural foreign-trade zone whose services relate to agriculture."

SECTION 2. This Act shall take effect on July 1, 2050.


 


 

Report Title:

Agricultural Foreign-trade Zone; Economic Development; Establishment

 

Description:

Establishes an agricultural foreign-trade zone; specifies boundaries, jurisdiction, and benefits. Effective 07/01/2050. (SD2)

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.