Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Agriculture, to which was referred S.B. No. 369 entitled:

begs leave to report as follows:

The purpose of this measure is to amend the laws relating to agriculture.

Your Committee has amended this measure by inserting language that allows an income tax credit of ten per cent of the cost of agriculture infrastructure improvements over $200,000 made by the taxpayer for the taxable year in which the improvements were made.

As affirmed by the record of votes of the members of your Committee on Agriculture that is attached to this report, your Committee is in accord with the action to report out S.B. No. 369, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 369, S.D. 1, and be recommitted to the Committee on Agriculture, for further consideration.