STAND. COM. REP. NO. 323-04
Honolulu, Hawaii
, 2004
RE: H.B. No. 2044
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Sir:
Your Committee on Higher Education, to which was referred H.B. No. 2044 entitled:
"A BILL FOR AN ACT RELATING TO SMALL BUSINESS DEVELOPMENT,"
begs leave to report as follows:
The purpose of this bill is to promote sustainable economic development in the State by:
(1) Exempting from the franchise tax small business investment companies licensed by the United States Small Business Administration to issue leverage; and
(2) Appropriating moneys to the University of Hawaii (UH) to:
(A) Expand management-force development;
(B) Fund research positions at the Hawaii Business Research Library; and
(C) Establish a Hawaii Award of Excellence Center to train businesses in continuous quality improvement.
The Chancellor of UH-Hilo, director of the UH-Hilo School of Business, Hawaii Small Business Development Center Network, Agricultural Development Support Systems, Inc., and an individual submitted testimony in support of this bill. The Department of Business, Economic Development, and Tourism supported the intent of this measure. The Department of Taxation submitted comments.
Your Committee has amended this bill by:
(1) Changing the appropriation amounts to $1 to facilitate further discussion; and
(2) Making technical, nonsubstantive changes for purposes of style and clarity.
As affirmed by the record of votes of the members of your Committee on Higher Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2044, as amended herein, and recommends that it be referred to the Committee on Finance in the form attached hereto as H.B. No. 2044, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Higher Education,
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____________________________ K. MARK TAKAI, Chair |
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