STAND. COM. REP. NO. 1482-18

Honolulu, Hawaii

, 2018

RE: S.B. No. 2074

S.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Agriculture, to which was referred S.B. No. 2074, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE IMPORTANT AGRICULTURAL LAND QUALIFIED AGRICULTURAL COST TAX CREDIT,"

begs leave to report as follows:

The purpose of this measure is to extend the period of time during which the Department of Agriculture may certify important agricultural land qualified agricultural cost tax credits.

The Department of Agriculture, City and County of Honolulu Department of Planning and Permitting, Land Use Research Foundation of Hawaii, Hawaii Crop Improvement Association, Maui County Farm Bureau, Alexander & Baldwin, Inc., Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i, Hawai‘i Farm Bureau, Kamehameha Schools, Hawaii Cattlemen's Council, Inc., and many individuals supported this measure. The Department of Taxation and Tax Foundation of Hawaii provided comments.

Your Committee respectfully requests the Committee on Finance consider amending this measure to permit the designation of important agricultural lands in agricultural parks and on Hawaiian home lands to ensure the availability of sufficient water for those lands.

As affirmed by the record of votes of the members of your Committee on Agriculture that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2074, S.D. 1, and recommends that it pass Second Reading and be referred to your Committee on Finance.

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

____________________________

RICHARD P. CREAGAN, Chair