Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 21 entitled:

begs leave to report as follows:

The purpose of this bill is to ensure that the State's economic development resources are achieving their desired effect of raising living standards for working families by requiring:

The Hawaii State AFL-CIO supported this measure.

DOTAX submitted comments, noting concerns that requiring DOTAX to report what would normally be confidential taxpayer information to the Legislature may have a chilling effect on a taxpayer's willingness to give full disclosure about their tax liability. DOTAX also expressed concerns that additional resources would be needed to enable DOTAX to comply with this bill.

Although additional resources may also be needed to enable the counties to disclose real property tax reductions and abatements, your Committee feels this bill merits further deliberation and discussion.

Your Committee has amended this bill by making technical, nonsubstantive amendments for purposes of style and clarity.

As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 21, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 21, H.D. 1, and be referred to the Committee on Labor and Public Employment.