STAND. COM. REP. NO. 2690
Honolulu, Hawaii
S.D. 2
President of the Senate
Twenty-Seventh State Legislature
State of Hawaii
Madam:
Your Committee on Ways and Means, to which was referred S.B. No. 2981, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE ECONOMY,"
begs leave to report as follows:
The purpose and intent of this measure is to promote and encourage innovation and entrepreneurship by amending the Hawaii State Plan to include these ideals.
Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism, Hawaii Strategic Development Corporation, High Technology Development Corporation, and The Chamber of Commerce Hawaii.
Your Committee finds that promoting and encouraging innovation and entrepreneurial activities will benefit the State and its economy by facilitating the creation of new businesses in Hawaii and attracting investment from outside the State.
Your Committee has amended this measure by:
(1) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and
(2) Making technical nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2981, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2981, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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DAVID Y. IGE, Chair |
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