STAND. COM. REP. NO.  275

Honolulu, Hawaii

                , 2013

RE:   H.B. No. 473

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committee on Economic Development & Business, to which was referred H.B. No. 473 entitled:

"A BILL FOR AN ACT RELATING TO THE NATURAL ENERGY LABORATORY OF HAWAII AUTHORITY,"

begs leave to report as follows:

The purpose of this measure is to support the Natural Energy Laboratory of Hawaii Authority in its efforts to attract new projects by extending certain enterprise zone benefits to:

     (1)  The activities of the Natural Energy Laboratory of Hawaii Authority; and

     (2)  Businesses operating within research and technology park areas established by the Natural Energy Laboratory of Hawaii Authority.    

The Natural Energy Laboratory of Hawaii Authority testified in support of this measure.  The Department of Taxation and the Tax Foundation of Hawaii provided comments on this measure.

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 473 and recommends that it pass Second Reading and be referred to the Committee on Finance.

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

____________________________

CLIFT TSUJI, Chair