THE SENATE

THE TWENTY-FOURTH LEGISLATURE

REGULAR SESSION OF 2007

COMMITTEE ON WAYS AND MEANS

Senator Rosalyn H. Baker, Chair

Senator Shan S. Tsutsui, Vice Chair

MEASURES DEFERRED TO WEDNESDAY, FEBRUARY 28, 2007

DATE:	Wednesday, February 28, 2007
TIME:	1:30 p.m.
PLACE:	Conference Room 211 State Capitol 415 South Beretania Street

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from Friday, February 23, 2007)

SB 707 SD1	RELATING TO A NEW MARKETS TAX CREDIT. Provides a new markets tax credit of one hundred per cent of the amount paid to a qualified community development entity located in Hawaii for a qualified equity investment; requires taxpayer to have received an allowance of credit under section 45D of the Internal Revenue Code, the federal new markets tax credit.  (SD1)	EDT, WAM
SB 798 SD2	RELATING TO DISASTER RELIEF. Creates a one-time tax credit for victims of the October 15, 2006 earthquakes.  (SD2)	IGM, EDT, WAM
SB 1365 SD1	RELATING TO THE INNOVATION ECONOMY. Requires the employees' retirement system to have $100,000,000 allocated for Hawaii venture capital investments, unless it is not prudent to do so; appropriates funds to the University of Hawaii office of technology transfer and economic development to enter into a partnership with a private sector entity.  (SD1)	EDT, WAM
SB 1925 SD1	RELATING TO SUSTAINABILITY. Establishes sustainable communities in Hawaii with the combined effort of state departments and agencies.  (SD1)	WAH, WAM

No testimony will be accepted.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 808-586-6800.