STAND. COM. REP. NO. 1133
Honolulu, Hawaii
, 2005
RE: S.B. No. 1698
S.D. 2
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Education, to which was referred S.B. No. 1698, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO TECHNOLOGY GROWTH,"
begs leave to report as follows:
The purpose of this bill is to assist the Economic Alliance of Hawaii (Alliance) and the four county economic development boards in their support of Hawaii's growing technology sector. Specifically, this bill:
(1) Provides tax credits for contributions of money, goods, or in-kind services to establish or maintain technology laboratories in the public schools;
(2) Appropriates funds for a grant-in-aid to the Alliance to coordinate the marketing of Hawaii's technology companies and opportunities on the United States mainland; and
(3) Appropriates funds to the Alliance to expand its Project EAST program to four additional schools.
The Hawaii State Teachers Association, Economic Development Alliance of Hawaii, Kauai Economic Development Board, and Hawaii Island Economic Development Board testified in support of this bill. The Department of Education and Department of Business, Economic Development, and Tourism supported the intent of this measure. The Department of Taxation opposed this measure. The Tax Foundation of Hawaii offered comments.
As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1698, S.D. 2, and recommends that it be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Education,
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____________________________ ROY TAKUMI, Chair |
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