STAND. COM. REP. NO.  1607-08

Honolulu, Hawaii

                , 2008

RE:   S.B. No. 2088

      S.D. 1

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 2088, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ADVANCED FLIGHT SIMULATOR TRAINING,"

begs leave to report as follows:

     The purpose of this bill is to expand Hawaii's aviation industry by allowing businesses engaged in advanced flight simulator training for pilots, dispatchers, mechanics, or air traffic controllers, to qualify for the general excise tax exemption and tax credit under the State Enterprise Zones law.

     Honolulu Community College, Global Aeronautics LLC, Alteon Training LLC, Mauna Loa Helicopters, and a concerned individual testified in support of this bill.  The Department of Business, Economic Development & Tourism, Department of Taxation, Tax Foundation of Hawaii, and a concerned individual offered comments.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2088, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair