Hawaii gets a hi-tech boost

Permalink | October 6th, 2005

Hawaii gets a hi-tech boost

Tax credits aim to boost the hi-tech economy in Hawaii.

A law known as Act 221 (later modified under Act 215) allows individuals and companies to get a 100 percent return over five years on investments of up to $2 million made in Hawaii-based high-technology companies.

It also allows companies to win a cash return if they can show 20 percent of their revenue is going into technology research and development.

According to the state-run High Technology Development Corp., this is more than double the credit offered by any other state.

It’s enough to make you stop and wonder, if only for a moment…

[via Honolulu Star-Bulletin]

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