STAND. COM. REP. NO. 2245

Honolulu, Hawaii

, 2019

RE: S.C.R. No. 122

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Economic Development & Business, to which was referred S.C.R. No. 122 entitled:

"SENATE CONCURRENT RESOLUTION URGING THE GOVERNOR TO NOMINATE OPPORTUNITY ZONES TO ASSIST WITH ECONOMIC DEVELOPMENT IN CENSUS TRACTS IN WAHIAWA AND WHITMORE VILLAGE,"

begs leave to report as follows:

The purpose of this measure is to urge the Governor to nominate opportunity zones in accordance with the federal Tax Cuts and Jobs Act to assist with economic development through investment incentives in rural census tracts in Wahiawa and Whitmore Village.

The Department of Business, Economic Development & Tourism commented on this measure.

As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee concurs with the intent and purpose of S.C.R. No. 122 and recommends that it be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

____________________________

ANGUS L.K. McKELVEY, Chair