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:	Wednesday, March 31, 2004
TIME:	4:45 p.m.
PLACE:	Conference Room 308 State Capitol 415 South Beretania Street

A G E N D A # 4

SB 3002 HD1 (HSCR996-04)	MAKING AN APPROPRIATION FOR THE PROJECT EAST INITIATIVE IN HAWAII'S PUBLIC SCHOOLS. Makes an appropriation for the continuation and expansion of the project east (environmental and spatial technology) initiative in Hawaii's public schools.	EDB, EDN, FIN
SB 2242 SD1, HD1 (HSCR797-04)	RELATING TO EMPLOYEE STOCK OWNERSHIP PLANS. Creates an exemption from the general excise tax for a management company that contracts to provide managerial and operational services to companies that engage in the provision of medical services in order to facilitate the creation of an employee stock ownership plan.	EDB, FIN
SB 2269 SD2, HD1 (HSCR900-04)	RELATING TO ENTERPRISE ZONES. Removes provisions that restrict telecommunications from being designated a qualified business for enterprise zone purposes.	EDB, FIN
SB 2558 SD2, HD1 (HSCR967-04)	RELATING TO THE ENTERTAINMENT INDUSTRY. Increases the tax credit for performing arts products, sound recordings, and digital media products produced in the State, provided that certain expenditure levels and below-the-line hiring requirements are met.	EDB/TAC, FIN
SB 2909 SD1 (HSCR974-04)	RELATING TO APPLICATIONS SEEKING GENERAL RATE INCREASES FILED BY PUBLIC UTILITIES HAVING ANNUAL GROSS REVENUES OF LESS THAN $2,000,000. Establishes rate filing procedures for public utilities with annual gross revenues under $2 million. Requires use of standard form application and public hearing. Requires utilities to file annual financial statements and updated chart of account.	EDB, CPC, FIN
SB 3024 SD2, HD1 (HSCR983-04)	RELATING TO CAPITAL FORMATION. Creates the Hawaii Private Investment Fund to increase the availability of equity and debt capital, establishes a tax credit for Hawaii business-research institutes, tightens eligibility requirements under Act 221, SLH 2001, creates a Corporate Investigation Team in the Department of Taxation, and changes all dollar amounts, percentages, rations, and dates to "blanks".	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 ALSO BE FAXED IF LESS THAN 5 PAGES IN LENGTH 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.

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Rep. Dwight Y. Takamine

Chair