Hawaii Film Blog

Tuesday, November 08, 2005

Act 221 Fees

Pacific Business News reported today that Hawaii's Tax Department is charging fees for (a) issuing comfort letters that grant companies "Qualified High Technology Business" (QHTB) status, a requirement for receiving Act 221 investment tax credits; and for (b) certifying the credits themselves so that they may be claimed on state income tax returns. The latter fee is only applied to investments over $25,000. The range for both types of fees is reportedly $100 to $1,000.

>> Fee added for Act 221 claims [PBN, 11/8/05]
>> ยง235-110.9 High technology business investment tax credit [Hawaii Revised Statutes]
>> High-Tech Tax Incentives [Hawaii Tax Dept. Site]

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