HOUSE OF REPRESENTATIVES

THE TWENTY-FOURTH LEGISLATURE

REGULAR SESSION OF 2007

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

Rep. Della Au Belatti	Rep. Faye P. Hanohano	Rep. John Mizuno	Rep. James Kunane Tokioka
Rep. Tom Brower	Rep. Sharon E. Har	Rep. Bob Nakasone	Rep. Karen Leinani Awana
Rep. Mele Carroll	Rep. Michael Y. Magaoay	Rep. Karl Rhoads	Rep. Colleen Rose Meyer
Rep. Pono Chong	Rep. Joey Manahan	Rep. Roland D. Sagum, III	Rep. Gene Ward, Ph.D.

NOTICE OF HEARING

DATE:

MONDAY, April 2, 2007

TIME:

2:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A # 1

SB 992

SD1, HD1

(HSCR1439)

RELATING TO ENERGY.

Clarifies that naphtha fuel, used in a power-generating facility, is subject to the fuel tax at a rate of 1 cent per gallon. Adds definition of "power-generating facility". Applies to all taxable periods and years for which the applicable statute of limitations has not expired.

EEP, FIN

SB 1034

SD2

(HSCR1419)

RELATING TO TAXATION.

Exempts from general excise and use taxes the fuel sold for intrastate air transportation by common carriers.

EDB, TRN, FIN

SB 678

SD1, HD1

(HSCR1313)

RELATING TO GENERAL EXCISE TAX.

Exempts from the general excise tax amounts received by the operator of the Hawaii convention center for reimbursement of costs or advances made pursuant to a contract with the Hawaii tourism authority.

TAC, FIN

SB 898

SD1, HD1

(HSCR1504)

RELATING TO HIGH TECHNOLOGY TAX INCENTIVES.

Requires Department of Taxation to report to the Legislature on all available information and data collected from high technology businesses and thereafter submit an annual report of summary statistics on tax incentives and an evaluation of the effectiveness of high tech investment and research tax credits. Requires qualified high technology businesses benefiting from the high tech business investment and research activities tax credits to submit employment information to the Department of Taxation. Appropriates funds.

EDB, 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) THE COMMITTEE CHAIR IN 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.

SELECTED HEARINGS ARE BROADCAST LIVE. CHECK THE CURRENT LEGISLATIVE BROADCAST SCHEDULE ON THE "CAPITOL TV" WEB SITE AT WWW.CAPITOLTV.ORG OR CALL 550-8074 FOR A LISTING.

________________________________________

Rep. Marcus R. Oshiro

Chair