THE SENATE
                 THE TWENTIETH LEGISLATURE
                  REGULAR SESSION OF 1999

                COMMITTEE ON Ways and Means
             Senator Carol Fukunaga, Co-Chair
              Senator Andrew Levin, Co-Chair

                     NOTICE OF HEARING

        DATE:    Friday, February 26, 1999

        TIME:    8:30 a.m.

        PLACE:   Conference Room 211
                 State Capitol
                 415 South Beretania Street


                        A G E N D A

S.B. 1336  RELATING TO PREPAID HEALTH CARE INCOME TAX DEDUCTION
                                                 LRE/CPN, WAM
        Provides an income tax incentive for employers to
        offer prepaid health care benefits to employees that
        are otherwise not entitled to mandatory coverage.
        (MIZUGUCHI (BR))

S.B. 1076  RELATING TO INSURANCE PREMIUM TAXES        GOH, WAM
        Allows insurance companies to utilize the low-income
        housing tax credit to offset insurance premium taxes.
        (MIZUGUCHI (BR))

S.B. 1323  RELATING TO THE HIGH TECHNOLOGY BUSINESS INVESTMENT
        TAX CREDIT
S.D. 1                                            ECD/EDU, WAM
        Provides a new tax credit to encourage the investment
        in high technology companies.
        (MIZUGUCHI (BR))

S.B. 744 RELATING TO TAXATION                   ECD/EDU, WAM
        Exempts certain activities of call centers from
        taxation.
        (MIZUGUCHI)

S.B. 788 RELATING TO TAXATION                       HHS, WAM
S.D. 1   Provides that the excise tax on cigarettes shall be
        imposed and collected through the use of stamps
        purchased by wholesalers and dealers, and affixed to
        cigarette packages.
        (LEVIN/FUKUNAGA)


 


 
S.B. 1547  RELATING TO TAXES                          HHS, WAM
S.D. 1   Provides for an increase of liquor and cigarette taxes
        to be dedicated to the purchase of medical equipment
        for Hawaii Health System Corporation's health
        facilities and supporting early childhood development
        programs.
        (CHUN/SAKAMOTO/CHUN OAKLAND)

S.B. 47  RELATING TO TAXATION                       HHS, WAM
        Addresses the taxation of certain medical services by
        providing relief.
        (MIZUGUCHI)

S.B. 1222  RELATING TO THE ENTERTAINMENT INDUSTRY     ECD, WAM
S.D. 1   Exempt amounts received from the construction of an
        entertainment industry production facility from the
        general excise tax.
        (INOUYE)

S.B. 1178  RELATING TO THE GENERAL EXCISE TAXATION OF RELATED
S.D. 1   ENTITIES                                   CPN, WAM
        Clarifies the definition of "related entities" for
        purposes of the general excise tax.
        (MIZUGUCHI (BR))

S.B. 364 RELATING TO TAXATION                       CPN, WAM
S.D. 1   Includes within the general excise tax exemption for
        insurance companies' gross proceeds, proceeds received
        by corporate attorney-in-fact in connection with
        administrative functions performed on behalf of
        reciprocal insurers.
        (KANNO/TANIGUCHI)

S.B. 1176  RELATING TO THE GENERAL EXCISE TAX LICENSING OF
        SINGLE-MEMBER LIMITED LIABILITY COMPANIES   CPN, WAM
        Provides an exception from the general excise tax
        licensing, reporting, and tax liability company when
        the member is licensed and pays the appropriate
        general excise tax on the gross income derived.
        (MIZUGUCHI (BR))

        DECISION MAKING TO FOLLOW, IF TIME PERMITS.



Persons wishing to testify should submit 35 copies of their
testimony to the committee clerk, Room 210, State Capitol, 24
hours prior to the hearing. Testimony may also be faxed if less
than 5 pages in length, to the Senate Sergeant-At-Arms Office at
586-6659 or 1-800-586-6659 (toll free for neighbor islands), at
least 24 hours prior to the hearing.  When faxing, please
indicate to whom the testimony is being submitted, the date and
time of the hearing, and the required number of copies needed for
submittal.

If you require special assistance or auxiliary aids or services
to participate in the public hearing process (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.

 
Public Folder.  A folder labeled "Public Folder" containing the
measures and testimonies for the hearing will be available for
shared use by members of the public.

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



____________________________      _______________________________
Senator Carol Fukunaga            Senator Andrew Levin
Co-Chair                          Co-Chair