HOUSE OF REPRESENTATIVES

THE TWENTY-SECOND LEGISLATURE

REGULAR SESSION OF 2003

COMMITTEE ON FINANCE

Rep. Dwight Y. Takamine, Chair

Rep. Bertha C. Kawakami, Vice Chair

Rep. Jon Riki Karamatsu

Rep. Glenn Wakai

Rep. Sol P. Kaho`ohalahala

Rep. Thomas Waters

Rep. Michael Y. Magaoay

Rep. Kika G. Bukoski

Rep. Romy M. Mindo

Rep. Mark G. Jernigan

Rep. Bob Nakasone

Rep. Colleen R. Meyer

Rep. Scott Y. Nishimoto

Rep. Mark S. Moses

Rep. Maile S.L. Shimabukuro

NOTICE OF HEARING

DATE:

Monday, March 31, 2003

TIME:

2:45 PM

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A #2

SB 855

SD1, HD2

(HSCR1151)

RELATING TO ENERGY.

Establishes renewable energy tax credit for systems installed after June 30, 2003.

EDB, EEP, FIN

SB 354

SD2, HD1

(HSCR1146)

RELATING TO ENERGY.

Extends heat pump and ice storage systems tax credits to 2007; Specifies tax credit amounts for heat pumps and ice storage systems.

EEP, FIN

SB 1621

(SSCR832)

RELATING TO STANDARD DEDUCTION AMOUNT.

Changes standard deduction amounts.

FIN

SB 1399

SD2, HD1

(HSCR1135)

RELATING TO A LONG-TERM CARE TAX CREDIT.

Provides tax credit to resident taxpayers for long-term care insurance premiums at lesser of $2,500 or 50 per cent of the amount of the insurance premium paid.

HSH/HLT, FIN

SB 1088

SD2, HD1

(HSCR1142)

RELATING TO LONG-TERM CARE.

Establishes a long-term care income tax to pay for long-term care benefits. Establishes long-term care income tax credit for amounts paid for purchase of long-term care insurance.

HLT/HSH, FIN

SB 1629

SD1, HD1

(HSCR999)

RELATING TO THE GENERAL EXCISE TAX.

Exempts from the general excise tax amounts received by: (1) A submanager of an association of apartment owners of a condominium or a nonprofit homeowners or community association in reimbursement of sums paid for common expenses; (2) An operator of a hotel from a timeshare association equal to and which are disbursed by the operator for employee wages, salaries, payroll taxes, insurance premiums, and benefits; (3) A suboperator of a hotel from the owner of the hotel, operator of the hotel, or a timeshare association equal to and which are disbursed by the suboperator for employee wages, salaries, payroll taxes, insurance premiums, and benefits.

TAC, CPC, FIN

SB 359

SD2, HD1

(HSCR1023)

RELATING TO FILM INDUSTRY.

Increases the motion picture and television production tax credit up to 8 percent for costs incurred in counties with a population over 700,000, and up to 10 percent for costs incurred in counties with a population of 700,000 or less; includes commercials; requires the Hawaii television and film development board to review tax incentives for the purchase, utilization, and sale of television and motion picture production equipment in the State.

TAC/EDB, FIN

SB 377

SD1, HD1

(HSCR1059)

RELATING TO TAXATION.

Establishes a tax credit for qualified costs at Ko Olina Resort and Marina.

TAC/EDB, FIN
     

 

DECISION MAKING TO FOLLOW

PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 35 COPIES OF THEIR TESTIMONY AT LEAST 24 HOURS PRIOR TO THE HEARING TO: (1) ROOM 306, STATE CAPITOL, OR (2) THE HOUSE SGT.-AT-ARMS PERSONNEL IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT. TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-AT-ARMS OFFICE AT: 586-6501 (OAHU) OR 1-800-535-3859 (NEIGHBOR ISLANDS). WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES THAT ARE NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET. FOR FURTHER INFORMATION, PLEASE CALL THE FIN COMMITTEE CLERK AT 586-6200.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE COMMITTEE CLERK AT LEAST 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.

 

________________________________________

Rep. Dwight Y. Takamine

Chair