HOUSE OF REPRESENTATIVES
                           THE TWENTIETH LEGISLATURE
                            REGULAR SESSION OF 1999

                             COMMITTEE ON FINANCE
                       Rep. Dwight Y. Takamine, Chairman
                    Rep. Bertha C. Kawakami, Vice Chairman
           Rep. Lei Ahu Isa                  Rep. Iris Ikeda Catalani
           Rep. Kenny Goodenow               Rep. Michael P. Kahikina
           Rep. Ezra R. Kanoho               Rep. Sylvia Luke
           Rep. Bob Nakasone                 Rep. Scott K. Saiki
           Rep. Brian Schatz                 Rep. Nathan Suzuki
           Rep. Brian Y. Yamane              Rep. Galen Fox
           Rep. Barbara Marumoto             Rep. Colleen Meyer
           Rep. Mark Moses

                               NOTICE OF HEARING

                DATE:    Monday, March 1, 1999
                TIME:    1:00 P.M.
                PLACE:   Conference Room 308, State Capitol

                                A G E N D A # 4


HB 119 HD1    RELATING TO INCOME TAXATION.
HSCR 606      Increases the capital goods income tax credit from 4% to 10% for
           taxable years beginning after 12/31/98, 8% for taxable years beginning
           after 12/31/01, and 4.5% for taxable years beginning after 12/31/03.
           (EDB,FIN)

HB 231 HD1    RELATING TO TAXATION.
HSCR 609      Reduces the tax burden on corporations, regulated investment companies,
           real estate investment companies, and franchises. (EDB,FIN)

HB 232 HD1    RELATING TO TAXATION.
HSCR 610      Provides for the gradual implementation of the decrease in general
           excise tax on intermediary services over a four-year period. (EDB,FIN)

HB 375 HD1    RELATING TO TAXATION.
HSCR 612      Creates a general excise tax exemption for contracting or services
           exported out of the state.  Imposes a use tax on out-of-state services
           imported or purchased for use in Hawaii. (EDB,FIN)


                   DECISION MAKING TO FOLLOW IF TIME PERMITS


PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 COPIES OF THEIR TESTIMONY 24
HOURS PRIOR TO THE HEARING TO:  (1)  ROOM 306, STATE CAPITOL, OR (2)  THE HOUSE SGT.-
AT-ARMS PERSONNEL IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT.
TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-AT-ARMS OFFICE AT:  586-6501 (OAHU) OR 1-
800-535-3859 (NEIGHBOR ISLANDS).  WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY
IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES
THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET.  FOR
FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6200.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN
THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER,
WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE
COMMITTEE CLERK 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.



                                         ____________________________________
                                         Rep. Dwight Y. Takamine
                                         Chairman