STAND. COM. REP. NO. 137

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 814
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Economic Development and Business
Concerns, to which was referred H.B. No. 814 entitled: 

     "A BILL FOR AN ACT RELATING TO THE ECONOMY,"

begs leave to report as follows:

     The purpose of this bill is to authorize the Governor to
provide tax breaks and land lease incentives to assist high
technology industries that employ people in Hawaii.  This bill
will be repealed two years from its effective date.

     Testimony in support of the intent of the measure was
received from the Department of Business, Economic Development,
and Tourism, the Department of Taxation, and the High Technology
Development Corporation.

     As affirmed by the record of votes of the members of your
Committee on Economic Development and Business Concerns that is
attached to this report, your Committee is in accord with the
intent and purpose of H.B. No. 814 and recommends that it pass
Second Reading and be referred to the Committee on Water and Land
Use.


 
 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 137
                                 Page 2

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



                                   ______________________________
                                   ROBERT N. HERKES, Chair