HOUSE OF REPRESENTATIVES
THE TWENTY-SECOND LEGISLATURE
REGULAR SESSION OF 2003
COMMITTEE ON FINANCE |
Rep. Dwight Y. Takamine, Chair |
Rep. Bertha C. Kawakami, Vice Chair |
Rep. Jon Riki Karamatsu |
Rep. Glenn Wakai |
Rep. Sol P. Kaho`ohalahala |
Rep. Thomas Waters |
Rep. Michael Y. Magaoay |
Rep. Kika G. Bukoski |
Rep. Romy M. Mindo |
Rep. Mark G. Jernigan |
Rep. Bob Nakasone |
Rep. Colleen R. Meyer |
Rep. Scott Y. Nishimoto |
Rep. Mark S. Moses |
Rep. Maile S.L. Shimabukuro |
NOTICE OF HEARING
DATE: |
Tuesday, February 25, 2003 |
TIME: |
3:00 p.m. |
PLACE: |
Conference Room 308 State Capitol 415 South Beretania Street |
A G E N D A # 5
HB 1223 HD1 (HSCR583) |
RELATING TO CONFORMITY OF THE HAWAII INCOME TAX LAW TO THE INTERNAL REVENUE CODE. Amends Hawaii's income tax law to conform with the changes to the Internal Revenue Code. |
FIN |
HB 879 |
RELATING TO TAXATION. Preserves the state credits allowed by the federal estate tax which are being repealed by congressional action. |
FIN |
HB 146 HD1 (HSCR189) |
RELATING TO ECONOMIC DEVELOPMENT. Authorizes the governor to designate up to eight renaissance zones in the State. Establishes the renaissance review board. Exempts persons located and operating within renaissance zones from up to 100 percent of the person's income and general excise taxes. |
EDB, FIN |
HB 626 |
RELATING TO INDIVIDUAL DEVELOPMENT ACCOUNT CONTRIBUTION TAX CREDIT. Increases the individual development account contribution tax credit from 50% of the amount contributed to 100% of the amount contributed. |
FIN |
HB 1628 |
RELATING TO EDUCATIONAL LOANS. Provides a tax deduction for interest paid on student loans for medical providers that start a new practice in state enterprise zones located in rural areas. |
FIN |
HB 1410 (HSCR188) |
RELATING TO TAX CREDITS. Provides an income or general excise tax credit to companies that create new jobs. |
EDB, FIN |
HB 291 HD1 (HSCR286) |
RELATING TO THE JOB CREATION INCOME TAX CREDIT. Establishes a temporary job creation income tax credit. |
EDB, FIN |
HB 1400 (HSCR128) |
RELATING TO HOTEL CONSTRUCTION AND REMODELING TAX CREDIT. Extends the hotel construction and remodeling tax credit to 6/30/2008, makes the tax credit refundable, and adds a definition of "qualified hotel facility". |
TAC/EDB, FIN |
HB 1394 HD1 (HSCR288) |
RELATING TO TAXATION TO STIMULATE THE ECONOMY. Provides various tax credits for large-scale construction projects. |
EDB, FIN |
HB 21 HD1 (HSCR425) |
RELATING TO CORPORATE DISCLOSURE. Requires the department of taxation to report on tax benefits for development assistance programs; counties to disclose real property tax reductions and abatements; disclosure of development assistance; recapture of assistance from recipients who fail to achieve jobs, wage, and benefit goals. |
EDB, LAB, FIN |
HB 685 HD1 (HSCR490) |
RELATING TO ENTERPRISE ZONE. Directs the governor to work with the city and county of Honolulu to expand existing enterprise zones to areas where commercial real estate have a vacancy rate of fifteen per cent or more. This designation will last for two years from 07/01/2003 to 06/30/2005. |
EDB, FIN |
HB 90 (HSCR358) |
RELATING TO LONG-TERM CARE. Provides tax credit to resident taxpayers, regardless of adjusted gross income, for long-term care insurance premiums at lesser of $2,500 or 50% of the amount of the insurance premium paid. If the tax credit is claimed, a medical expense deduction for long-term care insurance cost is prohibited. |
HLT/HSH, FIN |
DECISION MAKING TO FOLLOW
PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 35 COPIES OF THEIR TESTIMONY AT LEAST 24 HOURS PRIOR TO THE HEARING TO: (1) ROOM 306, STATE CAPITOL, OR (2) THE HOUSE SGT.-AT-ARMS PERSONNEL IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT. TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-AT-ARMS OFFICE AT: 586-6501 (OAHU) OR 1-800-535-3859 (NEIGHBOR ISLANDS). WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES THAT ARE NEEDED FOR SUBMITTAL.
IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET. FOR FURTHER INFORMATION, PLEASE CALL THE FIN COMMITTEE CLERK AT 586-6200.
IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE COMMITTEE CLERK AT LEAST 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.
________________________________________ Rep. Dwight Y. Takamine Chair |