STAND. COM. REP. 1470

Honolulu, Hawaii

, 2004

RE: H.C.R. No. 101

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.C.R. No. 101 entitled:

"HOUSE CONCURRENT RESOLUTION REQUESTING THE DEPARTMENTS OF TAXATION AND BUSINESS, ECONOMIC DEVELOPMENT, AND TOURISM TO CONDUCT A REVIEW AND COST BENEFIT ANALYSIS OF ALL CURRENT TAX INCENTIVES UNDER TITLE 14, HAWAII REVISED STATUTES,"

begs leave to report as follows:

The purpose of this concurrent resolution is to request the Departments of Taxation and Business, Economic Development, and Tourism to conduct a review and cost benefit analysis of all current tax incentives under Title 14, Hawaii Revised Statutes.

Your Committee has amended this measure by requesting that Enterprise Honolulu and the University of Hawaii Economic Research Organization assist DBEDT in the study.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 101, as amended herein, and recommends its adoption in the form attached hereto as H.C.R. No. 101, H.D. 1.

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair