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HB 185 Page 3 of 7 business." The term does not mean business activity conducted at a location which was, but no longer is, within an enterprise zone because of termination or expiration of that zone. "Incentive period" means the period established under section 209E- 11 during which a qualified business is eligible for exemption from the general excise and use taxes. "Local tax and fee incentives" means: 11L Tax and fee reductions proposed by a county in an enterprise zone apQlication approved by the governor; and Real property tax exemptions provided to a business to promote construction or renovation of a non-dwelling improvement situated either within or outside an enterprise zone. "Relevant county" means the county which has established the enterprise zone within which a business subject to this section is situated. "State enterprise zone tax incentives" means the state tax exemptions and credits provided to a qualified business under this chapter. (b) After the expiration of the incentive period for a qualified business, the State shall transmit to the relevant county the county's share of the general excise, use, and income taxes paid by that business on its enterprise zone activity. The "county's share" shall be the percentage calculated by dividing the dollar value of the local tax and fee incentives provided to the _qualified business during its incentive period b~ the sum of the following: u The dollar value of the local tax and fee incentives provided to the qualified business during its incentive period; and u The dollar value of the state enterprise zone tax incentives provided to the qualified business during its incentive period. The "dollar value" of tax and fee incentives shall be the amount in dollars of the taxes and fees http://www.capitol.hawaii.QOV/sessioncutrent/bills/hb185 .htm 02102!2001