THE SENATE
THE TWENTY-SECOND LEGISLATURE
REGULAR SESSION OF 2004
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COMMITTEE ON SCIENCE, ARTS, AND TECHNOLOGY |
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Senator David Y. Ige, Chair |
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Senator Melodie Aduja, Vice Chair |
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COMMITTEE ON ECONOMIC DEVELOPMENT |
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Senator Carol Fukunaga, Chair |
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Senator Melodie Aduja, Vice Chair |
NOTICE OF HEARING
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DATE: |
Tuesday, February 10, 2004 |
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TIME: |
1:15 p.m. |
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PLACE: |
Conference Room 229 State Capitol 415 South Beretania Street |
A G E N D A
For SB2871, SB3024, and SB3166, please limit oral testimony to a discussion of the basic concepts of the three measures and their approaches to increasing venture capital investments in Hawaii. Recommendations for specific amendments may be submitted in writing for later review by the Committees.
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SB 2871 |
RELATING TO CAPITAL INVESTMENTS Proposes a 20% refundable tax credit for scientific research by qualified research and development companies. Clarifies the existing investment tax credit. Extends the technology infrastructure renovation tax credit. Proposes to establish a 20% business-research institute tax credit. Creates the Hawaii Private Investment Fund Program to increase the availability of equity and debt capital for the emerging, expanding, and restructuring enterprises. Appropriates $20 million from the Hawaii Strategic Development Corporation revolving fund for the operation of Program. |
SAT/ECD, WAM |
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SB 3024 |
RELATING TO CAPITAL FORMATION Adopts new capital formation incentives. |
SAT/ECD, WAM |
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SB 3166 |
RELATING TO HIGH TECHNOLOGY TAX INCENTIVES Adopts amendments to the high technology tax incentives program. |
SAT/ECD, WAM
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SB 2866 |
RELATING TO THE HAWAII STRATEGIC DEVELOPMENT CORPORATION Repeals a section of Act 178, SLH 2003 which eliminates the Hawaii Strategic Development Corporation Revolving Fund to allow continued investment activity by the Hawaii Strategic Development Corporation. |
SAT/ECD, WAM |
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SB 2281
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RELATING TO THE HIGH TECHNOLOGY DEVELOPMENT CORPORATION Allows moneys collected into the high technology special fund to be deposited into a private client account in any bank or financial institution. Deletes the fund's $3 million cap. |
SAT/ECD, WAM |
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SB 3002
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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. |
SAT/ECD, WAM (Pending re-referral)
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SB 2269 |
RELATING TO ENTERPRISE ZONES Removes provisions that restrict telecommunications from being designated a qualified business for enterprise zone purposes. |
ECD/SAT, WAM |
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SB 2566 |
RELATING TO ECONOMIC DEVELOPMENT Mandates a four-year increase in the technology infrastructure renovation tax credit starting in 2005 and ending in 2008. |
ECD/SAT, WAM |
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SB 3165 |
RELATING TO ENHANCING ECONOMIC DIVERSITY Appropriates funds to study the feasibility of a Kalaeloa Technical Park project to enhance economic diversity. |
ECD/SAT, WAM |
Decision Making to follow, if time permits.
Persons wishing to testify should submit 30 copies of their testimony to the committee clerk, Room 215, State Capitol, 24 hours prior to the hearing. Testimony may also be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing. When faxing, please indicate to whom the testimony is being submitted, the date and time of the hearing, and the required number of copies needed for submittal.
If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign language interpreter, wheelchair accessibility, or parking designated for the disabled) please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.
Public Folder. A folder labeled "Public Folder" containing the measures and testimonies for the hearing will be available for shared use by members of the public.
FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6230
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________________________________________ Senator Carol Fukunaga Chair |
________________________________________ Senator David Y. Ige Chair |
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