HOUSE OF REPRESENTATIVES

THE TWENTY-FOURTH LEGISLATURE

REGULAR SESSION OF 2007

 

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

 

Rep. Della Au Belatti

Rep. Faye P. Hanohano

Rep. John Mizuno

Rep. James Kunane Tokioka

Rep. Tom Brower

Rep. Sharon E. Har

Rep. Bob Nakasone

Rep. Karen Leinani Awana

Rep. Mele Carroll

Rep. Michael Y. Magaoay

Rep. Karl Rhoads

Rep. Colleen Rose Meyer

Rep. Pono Chong

Rep. Joey Manahan

Rep. Roland D. Sagum, III

Rep. Gene Ward, Ph.D.

 

NOTICE OF HEARING

 

DATE:

MONDAY, February 26, 2007

TIME:

3:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A  # 6

 

HB 1828

(HSCR722)

RELATING TO HEALTH.

Provides a tax deduction for individuals who donate organs.

 

HLT, FIN

HB 1639

HD1

(HSCR428)

RELATING TO IMPORTANT AGRICULTURAL LANDS.

Excludes rental income derived from agricultural leases on important agricultural lands from gross and adjusted gross income, and taxable income, under certain conditions, and exempts rental income derived from agricultural leases on important agricultural lands from the general excise tax law, under certain conditions.

 

AGR/WLH, FIN

HB 902

HD1

(HSCR559)

RELATING TO AGRICULTURAL TAX CREDITS.

Establishes the Important Agricultural Land Agricultural Business Tax Credit.

 

AGR/EDB, FIN

HB 92

(HSCR186)

RELATING TO THE GENERAL EXCISE TAX.

Requires an investment broker and agent who share compensation for their services to pay the general excise tax on only that portion of the compensation retained by each.  Effective 7/1/07.

 

CPC, FIN

HB 1755

HD1

(HSCR344)

RELATING TO THE GENERAL EXCISE TAX.

Clarifies that the reduced general excise tax rate of 0.5 per cent on business-to-business services applies to dealers furnishing goods or services to the purchaser of tangible personal property to fulfill a warranty obligation of the manufacturer of the property.

 

EDB, FIN

HB 584

HD1

(HSCR208)

RELATING TO TAXATION.

Provides a tax credit to high technology businesses that train high school students in a cooperative education program.

 

EDB, FIN

HB 317

HD1

(HSCR100)

RELATING TO PROFESSIONAL EMPLOYMENT ORGANIZATIONS.

Exempts from the General Excise Tax amounts that a client company pays to a professional employment organization that will be expended to pay the wages, salaries, payroll taxes, and benefits of the employees hired by a client company.  Protects the rights of employees.

 

EDB, FIN

HB 506

(HSCR373)

RELATING TO ETHANOL.

Extends the tax credit for qualified ethanol production facilities for 5 years from January 1, 2012 to January 1, 2017.

 

EEP, FIN

HB 871

(HSCR438)

RELATING TO SEAWATER AIR CONDITIONING DISTRICT COOLING SYSTEMS.

Allows the sale of cooling from seawater air conditioning district cooling systems to qualify for state enterprise zone benefits.

 

EEP/EDB, FIN

HB 1719

HD1

(HSCR179)

RELATING TO GENERAL EXCISE TAX.

Extends the current general excise tax exemptions for condominium common expenses paid by managers and hotel employee expenses paid by hotel operators, to include expenses paid by submanagers and suboperators and to include employee expenses in timeshare projects.

 

TAC, FIN

HB 570

HD1

(HSCR122)

RELATING TO GENERAL EXCISE TAX.

Exempts from the general excise tax amounts received by the operator of the Hawaii convention center for reimbursement of costs or advances made pursuant to contract with the Hawaii tourism authority.

 

TAC, FIN

 

 

 

DECISION MAKING TO FOLLOW

 

PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 COPIES OF THEIR TESTIMONY AT LEAST 24 HOURS PRIOR TO THE HEARING TO:  (1)  THE  COMMITTEE CHAIR IN ROOM 306, STATE CAPITOL, OR (2)  THE HOUSE SGT.-AT-ARMS TESTIMONY DROP OFF BOX IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT.  TESTIMONY MAY ALSO BE FAXED IF LESS THAN 5 PAGES IN LENGTH 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 IS 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 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.

 

SELECTED HEARINGS ARE BROADCAST  LIVE.  CHECK THE CURRENT LEGISLATIVE BROADCAST SCHEDULE ON THE "CAPITOL TV" WEB SITE AT WWW.CAPITOLTV.ORG OR CALL 550-8074 FOR A LISTING.

 

 

 

 

 

________________________________________

Rep. Marcus R. Oshiro

Chair