Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Tourism & Culture, to which was referred H.B. No. 1922 entitled:

begs leave to report as follows:

The purpose of this bill is to exempt, from the general excise tax, amounts received by the operator of the Hawaii Convention Center for reimbursement of costs or advances made under a contract with the Hawaii Tourism Authority (HTA) to market, manage, use, operate, or maintain the Hawaii Convention Center.

The Department of Taxation and HTA supported this bill.

As affirmed by the record of votes of the members of your Committee on Tourism & Culture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1922 and recommends that it pass Second Reading and be referred to the Committee on Finance.