HOUSE OF REPRESENTATIVES

THE TWENTY-SIXTH LEGISLATURE

REGULAR SESSION OF 2011

 

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

 

Rep. Pono Chong

Rep. Chris Lee

Rep. Isaac W. Choy

Rep. Dee Morikawa

Rep. Denny Coffman

Rep. James Kunane Tokioka

Rep. Ty Cullen

Rep. Kyle T. Yamashita

Rep. Sharon E. Har

Rep. Barbara C. Marumoto

Rep. Mark J. Hashem

Rep. Gil Riviere

Rep. Linda Ichiyama

Rep. Gene Ward

Rep. Jo Jordan

 

 

NOTICE OF DECISION MAKING

 

DATE:

Tuesday, April 05, 2011

TIME:

5:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A #  4

 

The following measure(s) were previously heard on Wednesday, March 23, Agenda # 2.

 

SB 1356, SD1

(SSCR461)

Status

RELATING TO TAXATION.

Prohibits penalties for wilful failure to collect and pay over taxes, substantial understatements or misstatements, and erroneous claims for refund or credit from being added to tax underpayments on which certain other penalties are already imposed.

 

FIN

The following measure(s) were previously heard on Wednesday, March 30, Agenda # 3.

 

SB 244, HD1

(HSCR1062)

Status

RELATING TO THE UNIVERSITY OF HAWAII.

Requires the University of Hawaii Board of Regents to periodically review the priority guidelines for quality education and recommend amendments to the Legislature, develop a functional plan that includes strategic goals, outcomes, and performance indicators, and report biennially to the Legislature.

 

HED, FIN

 

The following measure(s) were previously heard on Thursday, March 31, Agenda # 3

 

SB 1292, HD1

(HSCR1182)

Status

MAKING AN EMERGENCY APPROPRIATION TO THE DEPARTMENT OF HUMAN SERVICES FOR HEALTH CARE PAYMENTS.

Makes emergency appropriations from general revenues for fiscal year 2010-2011 to address the budget shortfall in for the health care payments program (HMS 401) in the Department of Human Services.

 

HUS/HLT, FIN

 

 

 

The following measure(s) were previously heard on Monday, April 4, Agenda # 2.

 

SB 831, SD2

(SSCR539)

Status

RELATING TO TAXATION.

PROPOSED HD1:  Establishes a new markets tax credit for qualified equity investment on a credit allowance date and that is exempt from the requirements of section 704(b)(2) of the Internal Revenue Code; restricts community development entity investments to low-income communities in Hawaii; includes franchise taxes and insurance premium taxes eligible for the tax credit.  Exempts federally tax exempt companies that supply potable water from the state income and general excise taxes.

 

FIN

 

The following measure(s) were previously heard on Monday, April 4, Agenda # 3.

 

SB 298, SD3, HD2

(HSCR1126)

Status

RELATING TO BUSINESS REGULATION.

Establishes an organizational and regulatory framework for sustainable business corporations.  Effective July 1, 2112.

 

ERB, CPC, FIN

 

 

 

NO TESTIMONY WILL BE ACCEPTED

 

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.

 

For further information, please call the Committee Clerk at 586-6200.

 

Selected meetings are broadcast live.  Check the current legislative broadcast schedule on the "Capitol TV" Web site at www.capitoltv.org OR call 536-2100.

 

 

 

 

 

________________________________________

Rep. Marcus R. Oshiro

Chair