THE SENATE
THE TWENTY-SECOND LEGISLATURE
REGULAR SESSION OF 2003
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COMMITTEE ON ECONOMIC DEVELOPMENT |
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Senator Carol Fukunaga, Chair |
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Senator Melodie Williams Aduja, Vice Chair |
NOTICE OF HEARING
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DATE: |
Thursday, February 6, 2003 |
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TIME: |
4:00 p.m. |
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PLACE: |
Conference Room 229 State Capitol 415 South Beretania Street |
A G E N D A
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SB 902 |
RELATING TO ECONOMIC DEVELOPMENT. Authorizes the Department of Business, Economic Development, and Tourism (DBEDT) to make loans to small business with annual revenues less than $500,000 at a simple interest rate of three per cent below the prime rate or at a rate of five and one-half per cent a year, whichever is lower. Waives the requirement that an applicant be ineligible for any other financial assistance to qualify for a DBEDT loan if the proposed loan is a participation loan whereby the department's participation is not greater than eighty per cent of the loan amount. |
ECD, WAM |
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SB 901 |
RELATING TO INSURANCE. Creates a insurance pool for small businesses by authorizing the Hawaii Employers' Mutual Insurance Company to cover general liability and property damage claims incurred by small businesses. |
ECD, CPH |
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SB 904 |
RELATING TO HAWAII EMPLOYERS' MUTUAL INSURANCE COMPANY. Requires Hawaii Employers' Mutual Insurance Company to offer general liability insurance for small businesses and nonprofit organizations. |
ECD, CPH |
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SB 900 |
RELATING TO TAX CREDITS. Establishes a tax credit for renovation costs incurred by small businesses, provided the renovations are performed by State-licensed contractors or businesses. |
ECD, WAM |
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SB 906 |
RELATING TO INCOME TAX Allows certain small businesses to claim an income tax credit of up to fifteen per cent of prepaid health insurance premiums paid for employees and their families. |
ECD, WAM |
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SB 907 |
RELATING TO TAXATION. Establishes a research and development income tax credit for qualifying small businesses. |
ECD, WAM |
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SB 910 |
RELATING TO TAXATION. Establishes an investment and improvements income tax credit for qualifying small businesses. |
ECD, WAM |
DECISION MAKING TO FOLLOW, IF TIME PERMITS.
Persons wishing to testify should submit 40 3-holed copies of their testimony to the committee clerk, Room 216, State Capitol 24 hours prior to the hearing. Email testimony may be submitted to
fukunaga3@capitol.hawaii.com in a Word attachment by 4pm of the previous day. Testimony may also be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing. When faxing, please indicate to whom the testimony is being submitted, the date and time of the hearing, and the required number of copies needed for submittal.If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign language interpreter, wheelchair accessibility, or parking designated for the disabled) please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.
Public Folder. A folder labeled "Public Folder" containing the measures and testimonies for the hearing will be available for shared use by members of the public.
FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6673.
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__________________________________ Senator Carol Fukunaga Chair |
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