STAND. COM. REP. NO.2791
Honolulu, Hawaii
, 2002
RE: S.B. No. 2383
S.D. 2
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 2383, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO TAXATION TO STIMULATE THE ECONOMY,"
begs leave to report as follows:
The purposes of this measure are to:
(1) Provide a commercial construction and remodeling tax credit; and
(2) Expand the definition of "qualified hotel facility" to include property on which commercial or recreational use is permitted and offsite improvements necessary to service destination resort areas.
Your Committee finds that this measure would enhance the appearance of resort properties and, therefore, stimulate increased economic activity.
Your Committee has changed the effective date of the bill to December 31, 2050, to encourage further discussion.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2383, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2383, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
|
____________________________ BRIAN T. TANIGUCHI, Chair |
||