HOUSE OF REPRESENTATIVES

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2005

COMMITTEE ON FINANCE

Rep. Dwight Y. Takamine, Chair

Rep. Bertha C. Kawakami, Vice Chair

Rep. Mele Carroll	Rep. Clift Tsuji
Rep. Pono Chong	Rep. Glenn Wakai
Rep. Cindy Evans	Rep. Ryan I. Yamane
Rep. Jon Riki Karamatsu	Rep. Kyle T. Yamashita
Rep. Marilyn B. Lee	Rep. Galen Fox
Rep. Michael Y. Magaoay	Rep. Colleen Rose Meyer
Rep. Bob Nakasone	Rep. Mark S. Moses
Rep. Scott Y. Nishimoto	Rep. Kymberly N. Pine
Rep. Kameo Tanaka

NOTICE OF HEARING

DATE:	FRIDAY, February 25, 2005
TIME:	12:15 P.M.
PLACE:	Conference Room 308 State Capitol 415 South Beretania Street

A G E N D A # 3

HB 1476 (HSCR495)	RELATING TO NORTH KOHALA. Preserves a cluster of historical sites in North Kohala on the island of Hawaii by requiring the department of land and natural resources to renew its efforts to acquire by exchange the land adjacent to the Kohala Historical Sites State Monument.	WLO, FIN
HB 328 (HSCR63)	MAKING AN APPROPRIATION FOR THE PURCHASE OF DEVELOPMENT RIGHTS OF AGRICULTURAL LANDS IN WAHIAWA. Makes an appropriation for matching funds from the United States Department of Agriculture for the purchase of development rights of agricultural lands surrounding the Kukaniloko Birthstones in Wahiawa.	WLO/AGR, FIN
HB 955 (HSCR193)	RELATING TO DROUGHT MITIGATING FACILITIES. Promotes the construction of drought mitigating water storage facilities by increasing the amount of the Drought Mitigating Water Storage Facilities Tax Credit to 20 percent, repealing the date after which the Tax Credit is no longer available, and including costs for ancillary structures as qualifying costs for the Tax Credit.	WLO/AGR, FIN
HB 1308 (HSCR473)	RELATING TO LAND CONSERVATION. Requires 25% of real estate conveyance tax collected be deposited into the land conservation fund. Allows grants to state agencies, counties, and nonprofit land conservation organizations to acquire interest in lands having a value as a resource to the State.	WLO, FIN
HB 1554 HD2 (HSCR415)	RELATING TO LEASEHOLD CONVERSION. Exempts from taxation, seventy-five per cent of income received from the sale to a lessee of the leased fee interest in a residential house lot or multi-family residential leasehold property, or to the association of apartment owners of the multi-family residential leasehold building. Effective date July 1, 2099.	WLO/HSG, CPC, FIN

DECISION MAKING TO FOLLOW

PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 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.

________________________________________

Rep. Dwight Takamine

Chair