Registration is at 12:30 p.m. The cost is $15 for HIEDB, Kona-Kohala Chamber of Commerce, HTDC and NELHA members; $25 for nonmembers. Checks and cash will be accepted at the door.
Tax law changes to be discussed Thursday
The Hawaii Island Economic Development Board, Friends of the Natural Energy Laboratory of Hawaii Authority and the High Technology Development Corporation are sponsoring a presentation by Kurt Kawafuchi, director of the state Department of Taxation, from 1 to 3 p.m. Thursday at the Hawaii Gateway Center at NELHA.
Kawafuchi will present information on new energy initiatives. The goal of this program is to give investors, businesses and others involved in new energy and ocean science technology to hear first hand how the tax department will interpret changes to Act 221 embodied in Act 215.
Act 221 has helped create more than 1,000 jobs and resulted in significant funding for Hawaii companies since its enactment in 2001. The law was extended until 2010 and several modifications were made to address issues raised by critics of the program. The goal of this meeting is to make sure policies and procedures are clearly understood, eliminating the uncertainty about the law for qualified companies and their investors.
Registration is at 12:30 p.m. The cost is $15 for HIEDB, Kona-Kohala Chamber of Commerce, HTDC and NELHA members; $25 for nonmembers. Checks and cash will be accepted at the door.