THE SENATE

THE TWENTY-SECOND LEGISLATURE

REGULAR SESSION OF 2003

COMMITTEE ON ECONOMIC DEVELOPMENT

Senator Carol Fukunaga, Chair

Senator Melodie Williams Aduja, Vice Chair

MEASURES DEFERRED TO THURSDAY, FEBRUARY 13, 2003

TIME:

1:15 pm

PLACE:

Conference Room 229

State Capitol

415 South Beretania Street

 

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from February 11, 2003)

SB 1696

RELATING TO THE EMPLOYMENT AND TRAINING FUND.

Allows individual employees to apply for and receive money from the employment and training fund for job or skill training. Requires the employee to contribute fifty per cent of the cost of the assistance awarded. Requires streamlined applications process for individual applicants through the development of less a complicated application form.

LBR/ECD, WAM

(Please note: The Committee on LBR will hold its decision making on the above measure(s) on Wednesday, February 12, 2003 at 1:15 pm in conference room 225.)

SB 868

RELATING TO RESIDENTIAL CONSTRUCTION AND RENOVATION TAX CREDIT.

Extends the residential construction and remodeling tax credit for costs incurred prior to July 1, 2005 and for for taxable year ending on December 31, 2005.

ECD, WAM

SB 1450

RELATING TO STATE ENTERPRISE ZONES.

Includes services provided by a university medical school constructed in the Kakaako community development district as defined in 206E-32, HRS; includes architect and engineering services in general excise tax exemptions for construction of university medical school project in Kakaako.

ECD, WAM

SB 1648

MAKING AN APPROPRIATION FOR THE HAWAII STRATEGIC DEVELOPMENT CORPORATION.

Appropriates funds to the Hawaii strategic development corporation revolving fund for increased investment in Hawaii's venture capital activity.

ECD, WAM

SB 812

RELATING TO SMALL BUSINESS HIGH TECHNOLOGY EMPLOYMENT TAX CREDIT.

Provides a tax credit of an unspecified amount to small high- tech companies to encourage expansion.

ECD, WAM

SB 1215

RELATING TO TAXATION.

Exempts amounts received as grants in the form of reimbursements for expenditures from an economic development program sponsored by a federal, state, county, or nonprofit organization from imposition of the general excise tax. Applies to amounts received after December 31, 1999, and allows any credits to be applied to the taxpayer's general excise tax liability in subsequent years until exhausted.

ECD, WAM

SB 1211

RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST PROCESSING ENTERPRISES.

Facilitates the processing of cocao beans from Keaau, the maintenance of fields, and construction of required facilities for the growth, harvest, and processing of cocao beans and the sale and export of cocoa products through an on-site visitor center. Issues special purpose revenue bonds for this purpose.

ECD, WAM

SB 509

RELATING TO ECONOMIC DEVELOPMENT PROGRAMS.

Requires the Legislative Analyst to submit an annual report on the performance and impact of economic development programs receiving state funds; makes an appropriation for the Legislative Analyst.

ECD, WAM

SB 803

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING AN APPROPRIATION FOR DIAMOND HEAD STATE MONUMENT VISITORS CENTER.

Appropriates funds for plans and designs for the Diamond Head State Monument Visitors Center; General Obligation bonds.

ECD, WAM

SB 1599

RELATING TO THE DIAMOND HEAD STATE MONUMENT.

Creates the Diamond Head state monument special fund. Authorizes issuance of general obligation bonds in the amount of $2.5 million for the planning, design, and construction of a Diamond Head state monument interpretive center.

ECD, WAM

SB 872

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING AN APPROPRIATION FOR RECONSTRUCTION OF STATE PARK FACILITIES.

Authorizes issuance of general obligation bonds for reconstruction of state park facilities and makes appropriation for state park projects.

ECD, WAM

SB 1053

MAKING AN APPROPRIATION FOR PLANS FOR HE`EIA KEA BEACH PARK.

Appropriates funds for planning for He`eia Kea beach park.

ECD, WAM

SB 519

MAKING A MATCHING FUNDS APPROPRIATION TO SUPPORT A PUBLIC-PRIVATE PARTNERSHIP TO MARKET AND PROMOTE INCENTIVES PROVIDED BY ACT 221, SESSION LAWS OF HAWAII 2001, FOR INVESTORS TO INVEST IN HIGH TECHNOLOGY IN HAWAII.

Creates public-private partnership to market and promote incentives provided by Act 221, SLH 2001, to invest in high technology businesses and opportunities in Hawaii.

ECD, WAM

     

No testimony will be accepted.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6890.