STAND. COM. REP. 188

Honolulu, Hawaii

, 2003

RE: H.B. No. 1410

 

 

 

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. 1410 entitled:

"A BILL FOR AN ACT RELATING TO TAX CREDITS,"

begs leave to report as follows:

The purpose of this bill is to provide an incentive for businesses to invest in Hawaii by providing an income or general excise tax credit for the creation of new full-time jobs.

Cendant Corporation/Fairfield Resorts testified in support of this bill. The Department of Taxation commented on this bill.

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. 1410 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,

____________________________

BRIAN SCHATZ, Chair