CONFERENCE COMMITTEE REP. NO.119-02

Honolulu, Hawaii

, 2002

RE: H.B. No. 2454

S.D. 1

C.D. 1

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2454, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ENTERPRISE ZONES,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this bill is to minimize business failures and layoffs by making it easier for firms participating in the Hawaii Enterprise Zones (EZ) Partnership to fulfill their hiring requirements. This bill:

(1) Allows EZ firms to fulfill their hiring requirements for any fiscal year that includes September 11, 2001, by using their average annual number of full-time employees as of August 31, 2001, rather than their average annual number at the end of the fiscal year;

(2) Allows EZ firms to use their average annual number of full-time employees at the end of the fiscal year that includes September 11, 2001, as its base number of full-time employees if necessary to meet their hiring requirements in future fiscal years; and

(3) Eliminates the use tax exemption for EZ firms.

Your Committee on Conference has amended this measure by making it effective upon its approval.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2454, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2454, S.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________

ROD TAM, Chair

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LEI AHU ISA, Co-Chair

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BRIAN T. TANIGUCHI, Co-Chair

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MICHAEL Y. MAGAOAY, Co-Chair