STAND. COM. REP. NO.1329

Honolulu, Hawaii

, 2001

RE: S.B. No. 369

S.D. 3

H.D. 1

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 369, S.D. 3, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO AGRICULTURE,"

begs leave to report as follows:

The purpose of this bill is to provide an income tax credit to eligible taxpayers for the construction or repair of qualified drought water storage facilities.

The Big Island Farm Bureau, Kauai County Farm Bureau, Maui County Farm Bureau, Hawaii Farm Bureau Federation, and Pineapple Growers Association of Hawaii supported this measure. The Department of Agriculture supported the intent of this measure. The Department of Taxation and Tax Foundation of Hawaii submitted comments.

The Department of Budget and Finance opposed this measure.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 369, S.D. 3, H.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

DWIGHT Y. TAKAMINE, Chair