STAND. COM. REP. NO.614
Honolulu, Hawaii
, 2001
RE: H.B. No. 549
H.D. 1
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. 549, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO STATE ENTERPRISE ZONES,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Clarify that businesses in enterprise zones that produce electric power from wind energy for sale primarily to a public utility company for resale to the public are exempt from the general excise tax;
(2) Correct the reference of "assisted technology equipment" to "assistive technology equipment" with regard to eligible service businesses in enterprise zones; and
(3) Eliminate the enterprise zone use tax exemption.
The Department of Taxation, Department of Business, Economic Development, and Tourism, and Apollo Energy Corporation submitted testimony in support of this bill. The County of Kauai, Hawaiian Electric Company, Maui Electric Company, Hawaii Electric Light Company, and Hawaii Renewable Energy Alliance submitted testimony in support of the intent of this bill. Tax Foundation of Hawaii submitted comments on this bill.
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. 549, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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