STAND. COM. REP. NO. 2413

Honolulu, Hawaii

RE:    S.B. No. 2828

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committees on Transportation and Energy and Economic Development, Environment, and Technology, to which was referred S.B. No. 2828 entitled:

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

beg leave to report as follows:

     The purpose and intent of this measure is to provide enterprise zone incentives for qualified renewable energy technology business activity on real property owned by the Natural Energy Laboratory of Hawaii Authority.

     Your Committees received testimony in support of this measure from the Department of Taxation; Department of Business, Economic Development, and Tourism; and Natural Energy Laboratory of Hawaii Authority.

     Your Committees find that this measure will assist businesses in the renewable energy sector and increase the potential for job growth in West Hawaii.  The enterprise zone program will see an increase in applications for enterprise zone status, thus attracting new businesses to the State.

     As affirmed by the records of votes of the members of your Committees on Transportation and Energy and Economic Development, Environment, and Technology that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 2828 and recommend that it pass Second Reading and be referred to your Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committees on Transportation and Energy and Economic Development, Environment, and Technology,

________________________________ GLENN WAKAI, Chair

________________________________ LORRAINE R. INOUYE, Chair