THE SENATE

THE TWENTY-FOURTH LEGISLATURE

REGULAR SESSION OF 2008

COMMITTEE ON ECONOMIC DEVELOPMENT AND TAXATION

Senator Carol Fukunaga, Chair

Senator Will Espero, Vice Chair

COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND AFFORDABLE HOUSING

Senator Russell S. Kokubun, Chair

Senator David Y. Ige, Vice Chair

NOTICE OF HEARING

DATE:	Thursday, February 7, 2008
TIME:	9:00 a.m.
PLACE:	Conference Room 229 State Capitol 415 South Beretania Street

A G E N D A

SB 3047 Testimony Status

RELATING TO TAX CREDITS. Expands the current $7.5 million annual Ko Olina tax credit to allow the credits to be used for commercial activities and affordable housing built on the Leeward Coast.  Clarifies recapture provisions to require recapture of credits certified where results of certain expenditures are not placed in service by December 31, 2013.

EDT/CPH, WAM

Decision Making to follow, if time permits.

Persons wishing to testify should submit testimony in one of the following ways at least 24 hours prior to the hearing.  Any testimony received after 6:00 PM the day before the hearing will not be distributed to the Committee or available to the public until after the hearing ends.  As a result, the Committee will not be able to consider written testimony received after 6:00 PM in its decisions.

· In person:  1 copy of their testimony to the committee clerk, Room 216, State Capitol.

· By fax:  Testimony may be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing.  When faxing, please indicate to which committee the testimony is being submitted and the date and time of the hearing.

· By Email:  Testimony may be emailed if less than 5 pages in length, to the Legislature's Public Access Room at testimony@capitol.hawaii.gov.  Please indicate to which committee the testimony is being submitted and the date and time of the hearing. Email sent to individual offices or any other Senate office will not be accepted.

If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.

Please note:  Documents made available through the Testimony hyperlink(s) above may not be posted until the start of the hearing.

Public Folder.  A folder labeled “Public Folder” containing the measures and testimonies for the hearing will be available for shared use by members of the public.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-7135.

________________________________________ Senator Russell S. Kokubun Chair

________________________________________ Senator Carol Fukunaga Chair