RELATING TO INCOME TAX CREDITS.

Extends the drop-dead date for the residential construction and remodeling tax credit and the cut-off date for claiming qualifying costs under the tax credit to December 31, 2005 and July 1, 2005 respectively. The bill also allows developers to transfer the tax credit to buyers of the property that was the basis of the tax credit.

MAKING AN APPROPRIATION FOR THE REPAIR AND MAINTENANCE OF ALOHA STADIUM.

Appropriates funding to repair and maintain Aloha Stadium.

RELATING TO A GENERAL EXCISE TAX HOLIDAY TO STIMULATE HAWAII'S ECONOMY.

Provides a general excise tax holiday for purchases of clothing or footwear priced less than $100.

MAKING AN APPROPRIATION FOR ADDITIONAL CAMPING CABINS IN STATE PARKS.

Appropriates moneys for additional camping cabins in state parks.

RELATING TO TAXATION TO STIMULATE THE ECONOMY.

Expands the definition of "qualified hotel facility" to include property on which commercial or recreational use is permitted and offsite improvements necessary to service destination resort areas.

MAKING AN APPROPRIATION FOR PACON INTERNATIONAL.

Appropriates $1 to support the activities of PACON International, the Pacific Congress on Marine Science and Technology. Requires matching funds.

MAKING AN APPROPRIATION FOR MARKETING OF HAWAII PRODUCTS AND SERVICES.

Appropriates $2 million to DBEDT to market Hawaii products and services.

RELATING TO TAXATION TO STIMULATE THE ECONOMY.

Increases income tax deduction for businesses from 50% to 100% for meals and entertainment expenses. Allows business entertainment deduction for club dues.