Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 175, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to encourage and stimulate the growth of the high technology industry in Hawaii by:

Vertical Wind Turbine Technologies, LLC, Hawaii Venture Capital Association, Oceanit, Hawaii Construction Industry Association, Square USA, Inc., Hawaii Technology Trade Association, Total Resource Management, and concerned citizens supported the measure.

The Department of Business, Economic Development, and Tourism, Office of the Governor's Special Advisor for Technology Development, High Technology Development Corporation, Bank of Hawaii, Building Industry Association of Hawaii, Hydrogen Renewable Energy Enterprise, Mele Pacific, Inc., and a concerned citizen supported the intent of this measure.

The Department of Taxation, Tax Foundation of Hawaii, Hawaii Opportunities Group, EnterOcean, Inc., and concerned citizens commented on this bill.

Your Committee has amended this bill by:

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 175, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 175, H.D. 2.