HOUSE OF REPRESENTATIVES

THE TWENTY-SECOND LEGISLATURE

REGULAR SESSION OF 2004

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:

Friday, February 27, 2004

TIME:

4:45 p.m.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A # 5

HB 2859

HD1

(HSCR261-04)

RELATING TO THE DEVELOPMENT OF AN INTERNATIONAL EQUESTRIAN FACILITY.

Authorizes the Hawaii tourism authority to convene a working group to study the feasibility of an international equestrian facility to provide facilities and services for local residents and mainland and international visitors.

INT, FIN

HB 2516

HD1

(HSCR373-04)

RELATING TO THE GENERAL EXCISE TAX WHOLESALE RATE.

Corrects a technical drafting error in Act 135, Session Laws of Hawaii 2003, which inadvertently repealed the 0.5% general excise tax (GET) rate imposed on wholesale transactions.

JUD, FIN

HB 2611

HD1

(HSCR437-04)

RELATING TO THE ENTERTAINMENT INDUSTRY.

Expands the provisions for the motion picture and film production tax credit and the high technology investment business tax credit by increasing the credit amount from 4 per cent to 15 per cent and by including commercials and sound recordings.

EDB/TAC, FIN

HB 2608

(HSCR222-04)

RELATING TO THE HAWAII TOURISM AUTHORITY.

Allows HTA to hire its own attorneys; exempts the HTA's accounts from supervision by the comptroller; exempts the director of the HTA from the state retirement system; requires deposit into the tourism special fund of all interest and revenues derived from projects or project agreements; revises total compensation package percentage of the executive director; makes appropriation to the HTA to improve operational and financial efficiency of the HTA.

TAC/JUD, FIN

HB 2809

HD1

(HSCR391-04)

RELATING TO THE HOTEL PROJECT TAX CREDIT.

Provides a qualified hotel project tax credit for qualified costs relating to the plans, design, construction, and equipment needed to construct, alter, renovate or modify a hotel project.

TAC, FIN

HB 2396

HD1

(HSCR439-04)

RELATING TO CAPITAL INVESTMENTS.

Establishes a 20% refundable tax credit for scientific research by qualified research and development companies. Clarifies the existing investment tax credit. Establishes a 20% business-research institute tax credit. Creates the Hawaii Private Investment Fund to increase the availability of equity and debt capital.

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 TESTIMONY DROP OFF BOX 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 IS 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 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