HOUSE OF REPRESENTATIVES
THE TWENTY-EIGHTH LEGISLATURE
REGULAR SESSION OF 2016
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Rep. Chris Lee, Chair |
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Rep. Nicole E. Lowen, Vice Chair |
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Rep. Ty J.K. Cullen |
Rep. Calvin K.Y. Say |
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Rep. Cindy Evans |
Rep. Ryan I. Yamane |
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Rep. Kaniela Ing |
Rep. Feki Pouha |
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Rep. Scott Y. Nishimoto |
Rep. Cynthia Thielen |
NOTICE OF HEARING
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DATE: |
Tuesday, March 22, 2016 |
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TIME: |
8:30am |
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PLACE: |
Conference Room 325 State Capitol 415 South Beretania Street |
A G E N D A
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RELATING TO TAXATION. Proposed HD1: Establishes a 5-year renewable fuels production tax credit and repeals the ethanol facility tax credit. Allows qualifying taxpayers to claim an income tax credit equal to 20 cents per 76,000 British thermal units of renewable fuel, capped at $3,000,000 per taxable year. Caps the credit at $3,000,000 per year in aggregate. Requires DBEDT to certify all tax credits and submit a report regarding the production and sale of renewable fuels to the governor and legislature each year. Directs DOTAX to create forms for the renewable fuels production tax credit. Repeals the renewable fuels production tax credit on 12/31/2021. Establishes an organic foods production tax credit. Allows qualified taxpayers to claim an income tax credit to offset the costs incurred by farmers, ranchers, and producers to obtain organic certification and to produce organically produced agricultural products. Applies to taxable years beginning after 12/31/2016. Effective 7/1/2050.
Copies of the proposed HD1 are available in room 436 and on the Legislature's Web site: http://www.capitol.hawaii.gov.
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URGING THE OFFICE OF ENVIRONMENTAL QUALITY CONTROL TO ADOPT THE ENVIRONMENTAL JUSTICE GUIDANCE DOCUMENT AS AGENCY POLICY FOR USE IN THE STATE ENVIRONMENTAL REVIEW PROCESS.
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The following measure(s) were previously heard on March 17, 2016. This part of the agenda is for decision making only. No public testimony will be accepted.
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AUTHORIZING THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR HAWAII RENEWABLE RESOURCES, LLC. Authorizes the issuance of special purpose revenue bonds to assist Hawaii Renewable Resources, LLC, with the development of a natural gas production facility on Maui that will establish and fund food crops, with renewable natural gas and electricity production and related facilities and projects on the island of Maui.
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RELATING TO SPECIAL PURPOSE REVENUE BONDS TO ASSIST BIOENERGY HAWAII, LLC. Extends the authorization of the issuance of special purpose revenue bonds to BioEnergy Hawaii, LLC, for the purpose of establishing a cogeneration facility and related energy production facilities, for an additional five years.
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RELATING TO RENEWABLE ENERGY. Replaces the current renewable energy technology systems tax credit with tax credits for solar energy property, wind energy property, and energy storage property. Applies to taxable years beginning after 12/31/2016. Effective 7/1/2076. (SD2)
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RELATING TO ENERGY. Restores the amendments made to sections 243-1 and 243-4(a), HRS, which sunsetted on 12/31/2015. Clarifies that naphtha fuel, used in a power-generating facility, is subject to the fuel tax at a rate of 2 cents per gallon, retroactive to 1/1/2016. (SD2)
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DECISION MAKING TO FOLLOW
Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing. Testimony should indicate:
· Testifier's name with position/title and organization;
· The Committee(s) to which the comments are directed;
· The date and time of the hearing; and
· Measure number.
While every effort will be made to incorporate all testimony received, materials received on the day of the hearing or improperly identified or directed, may be distributed to the Committee after the hearing.
Submit testimony in ONE of the following ways:
PAPER: 3 copies (including an original) to Room 425 in the State Capitol;
FAX: For testimony less than 5 pages in length, transmit to 808-586-8404 (Oahu) or 1-800-535-3859 (for Neighbor Islander without a computer to submit testimony through e-mail or the Web); or
WEB: For testimony less than 10MB in size, transmit from http://www.capitol.hawaii.gov/submittestimony.aspx.
Testimony submitted will be placed on the legislative website. This public posting of testimony on the website 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 586-8400 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" website at www.capitoltv.org or call 536-2100.
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________________________________________ Rep. Chris Lee Chair |
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