Kauai council kills separate tax for GMO research - Hawaii News Now - KGMB and KHNL

Kauai council kills separate tax for GMO research

File photo of produce File photo of produce

LIHUE, Hawaii (AP) - The Kauai County Council has killed a bill that may have resulted in higher taxes for companies researching genetically modified crops.

The bill would have changed the way taxes are assessed on biotechnology research companies. It had passed the Kauai County Council, but was vetoed by Mayor Bernard Carvalho Jr.

The Garden Island reports the Council affirmed the mayor's veto Wednesday in a 5-1 vote.

The bill had proposed to use lease amounts, instead of fair market values, to calculate property tax assessments on biotech companies.

Councilman Gary Hooser cast the lone vote against the veto. He says large landowners can charge higher lease prices to companies that can absorb the financial impact.

County spokeswoman Beth Tokioka says Carvalho vetoed the bill because it would have unfairly targeted businesses.

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