STAND. COM. REP. NO.  204

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 932

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Economic Development & Business Concerns, to which was referred H.B. No. 932 entitled:

"A BILL FOR AN ACT RELATING TO HIGH TECHNOLOGY,"

begs leave to report as follows:

The purpose of this bill is to develop concrete plans and a unified vision for the future of Hawaii's high technology sector through the establishment of a High Technology Industry Task Force.

The Department of Taxation and the High Technology Development Corporation submitted testimony supporting this bill.

Your Committee has amended this bill by:

(1)  Changing its effective date to July 1, 2034, to allow further discussion of the measure; and

(2)  Making technical, nonsubstantive amendments for clarity and style.

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 932, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 932, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business Concerns,

____________________________

KYLE T. YAMASHITA, Chair