STAND. COM. REP. NO.  767

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 943

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 943 entitled:

"A BILL FOR AN ACT RELATING TO ECONOMIC DEVELOPMENT,"

begs leave to report as follows:

The purpose of this measure is to increase the number of jobs in the Kapolei region by establishing a seven-year Kapolei Jobs Initiative Pilot Program that offers incentives for businesses to establish themselves or open a new location in the Kapolei region, including the establishment of a Kapolei jobs initiative tax credit.

The Business Division of the University of Hawaii-West Oahu, Land Use Research Foundation of Hawaii, Kapolei Chamber of Commerce, Ko Olina Resort Operators Association, Hawaii Construction Alliance, James Campbell Company LLC, Pacific Resource Partnership, Haseko, Avalon Development Company, Lifeline Fire & Security, Inc., Hunt Companies, Hawaii Division, SOS Tech Solutions, and many individuals supported this measure.  The Department of Business, Economic Development and Tourism, Department of Taxation, Tax Foundation of Hawaii, The Chamber of Commerce Hawaii, Hawaii Laborers-Employers Cooperation and Education Trust, MyGocenter, and several individuals provided comments.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 943 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair