HOUSE OF REPRESENTATIVES
THE TWENTY-FOURTH LEGISLATURE
REGULAR SESSION OF 2008
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COMMITTEE ON FINANCE |
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Rep. Marcus R. Oshiro, Chair |
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Rep. Marilyn B. Lee, Vice Chair |
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Rep. Karen Leinani Awana |
Rep. Sharon E. Har |
Rep. Bob Nakasone |
Rep. Kymberly Marcos Pine |
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Rep. Della Au Belatti |
Rep. Jon Riki Karamatsu |
Rep. Karl Rhoads |
Rep. Gene Ward, Ph.D. |
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Rep. Tom Brower |
Rep. Michael Y. Magaoay |
Rep. Roland D. Sagum, III |
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Rep. Mele Carroll |
Rep. Joey Manahan |
Rep. James Kunane Tokioka |
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Rep. Faye P. Hanohano |
Rep. John Mizuno |
Rep. Colleen Rose Meyer |
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NOTICE OF HEARING
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DATE: |
Thursday, March 27, 2008 |
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TIME: |
4:00 P.M. |
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PLACE: |
Conference Room 308 State Capitol 415 South Beretania Street |
A G E N D A # 3
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RELATING TO INSURANCE. Clarifies that the income or gross receipts derived from the principal business of an attorney-in-fact for a reciprocal insurer are exempt from the general excise tax. Effective 7/1/2020.
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CPC, FIN |
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RELATING TO DIGITAL MEDIA. Prohibits taxpayers from claiming the Motion Picture, Digital Media, and Film Production Tax Credit for qualified productions that are financed by investments for which a credit has been claimed under the High Technology Business Investment Tax Credit. Establishes an advisory group to study issues in hiring local talent for the film industry, with specific consideration for promoting local hiring.
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TAC/EDB, LAB, FIN |
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RELATING TO INTRA-COUNTY FERRY SERVICE. Requires department of land and natural resources to assign priority mooring space to intra-county ferries serving a county with 500,000 or less people and at least 3 islands inhabited by permanent residents. Exempts distributors from fuel tax for fuel sold for ultimate use by the intra-county ferry service.
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TRN/WLH, FIN |
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RELATING TO BIODIESEL. Provides various market stimulation incentives for the development of biodiesel, including making state agricultural lands available for biodiesel fuel crops; establishing a state biodiesel feedstock crop and biodiesel fuel purchasing program; and creating tax exclusions for oil seed crushing facilities.
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EEP/WLH/AGR, FIN |
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RELATING TO ADVANCED FLIGHT SIMULATOR TRAINING. Adds businesses engaged in advanced flight simulator training for pilots, dispatchers, mechanics, or air traffic controllers to the definition of "qualified business" under the State Enterprise Zones law.
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EDB, FIN |
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RELATING TO REFUNDABLE RENEWABLE ENERGY TAX CREDIT. Allows a taxpayer whose sole source of income is derived from pension benefits or with an adjusted gross income of $ or less to qualify for a refundable tax credit for the purchase and installation of a renewable energy technology, which includes solar water heating, photovoltaic, and wind systems.
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EEP, FIN |
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RELATING TO TAXATION. Requires the Department of Taxation and Department of Human Services to evaluate certain tax credits and tax exemptions and report to the Legislature. Provides for automatic repeal of the tax credits and tax exemptions. Provides penalty for excessive amounts filed for tax refunds and credits.
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EDB, FIN |
DECISION MAKING TO FOLLOW
Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing with a transmittal cover indicating:
· Testifier's name with position/title and organization;
· The date and agenda no. of the hearing;
· Measure number;
· If you will be testifying in person or submitting written testimony only;
· The Committee the comments are directed to; and
· The number of copies the Committee is requesting.
While every effort will be made to copy, organize, and collate all testimony received, materials received on the day of the hearing or improperly identified or directed to the incorrect office, may be distributed to the Committee after the hearing.
Submit testimony in ONE of the following ways:
PAPER: 2 copies to Room 306 in the State Capitol. It is required that the copies be on one side of an 8½ " X 11" sheet;
FAX: For comments less than 5 pages in length, transmit to 586-6001 (Oahu) or 1-800-535-3859 (Neighbor Islands);
OR
EMAIL: For comments less than 5 pages in length, transmit to FINtestimony@Capitol.hawaii.gov. Please include the measure number, date of hearing, and agenda no. in the subject line or click on the appropriate "Email Testimony" link above.
Testimony submitted will be placed on the Legislative Web site after the hearing adjourns. This public posting of testimony on the Web site should be considered when including personal information in your testimony.
If you require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-6200 or email your request for an interpreter to HouseInterpreter@Capitol.hawaii.gov at least 24 hours prior to the hearing for arrangements. Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations.
Selected meetings are broadcast live. Check the current legislative broadcast schedule on the "Capitol TV" Web site at www.capitoltv.org OR call 550-8074.
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________________________________________ Rep. Marcus R. Oshiro Chair |