Over the past few years, the State of Hawaii has passed legislation giving tax and other incentives for investment in high technology industries in Hawaii.
Integrated Coffee Technologies, Inc. has received a ruling from the State of Hawaii Office of Taxation confirming that it qualifies as a high technology business.
The incentives include a structured 100 % State income tax credit for individuals and corporations paying Hawaii income tax (banks and insurance companies can include franchise and insurance premium taxes also).
This tax credit is on investments up to $2 million and is recoverable over a five year period and is front loaded.
These new incentives also include tax exemption on certain stock options and tax credits for technology infrastructure renovation and R&D.
For more information on these programs we suggest that you contact:
| HiTechHawaii (http://www.hitechhawaii.com) | |
| Ray Kamikawa at Chun Kerr Dodd Beaman & Wong (www.ckdbw.com) | |
Contact us about investment opportunities.
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