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]
>> §235-110.9 High technology business investment tax credit [Hawaii Revised Statutes]
>> High-Tech Tax Incentives [Hawaii Tax Dept. Site]