HOUSE OF REPRESENTATIVES

THE TWENTY-SECOND LEGISLATURE

REGULAR SESSION OF 2004

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:

Wednesday, March 17, 2004

TIME:

2:30 p.m.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A

SB 1302

SD1

(SSCR2671)

MAKING APPROPRIATIONS FOR COLLECTIVE BARGAINING COST ITEMS.

Provides fund authorizations and appropriations for collective bargaining cost items for Unit 10 and their excluded counterparts, including the cost of salary adjustments negotiated between the State and the bargaining unit representative for fiscal biennium 2003-2005.

FIN

SB 2983

SD2

(SSCR2592)

RELATING TO CONFORMITY OF THE HAWAII INCOME TAX LAW TO THE INTERNAL REVENUE CODE.

Conforms the Hawaii income tax law to the Internal Revenue Code.

FIN

SB 2990

(SSCR2594)

RELATING TO THE INTEGRATED TAX INFORMATION MANAGEMENT SYSTEMS ACQUISITION BY THE DEPARTMENT OF TAXATION.

Extends the current "drop dead" date of July 1, 2004, to July 1, 2005, for the Integrated Tax Information Management Systems Special Fund to provide additional time for the remaining work on the project to be completed.

FIN

SB 2077

SD2

(SSCR2700)

RELATING TO PLANNING.

Requires 10-year interval updates of state plans from state agencies. Requires legislative approval of updates. Directs state agencies to prepare new functional plans for implementation no later than 6/30/06, and to review and incorporate previous plans as appropriate.

FIN

SB 2529

(SSCR2166)

RELATING TO SECURITIES FOR THE PROTECTION OF PUBLIC FUNDS.

Authorizes the use of certificates of deposit issued through the Certificate of Deposit Account Registry Service to secure public funds.

FIN

SB 3098

(SSCR2656)

RELATING TO KIKALA-KEOKEA.

Clarifies loan limits and borrower qualifications for the Kikala-Keokea housing revolving fund. Authorizes the issuance of general obligation bonds to fund low-interest home construction loans for Kikala-Keokea lessees and self-help housing project.

FIN

SB 3162

SD1

(SSCR2643)

RELATING TO RENEWABLE ENERGY TECHNOLOGIES INCOME TAX CREDIT.

Allows, when tax credits for installation of renewable energy technology systems exceed a taxpayer's income tax liability, the excess to be carried over and used as credit toward the taxpayer's liability in subsequent years, until the credit is exhausted. Applies the credit to all taxable years beginning after 12/31/02. Makes the tax credit operative for purposes of banks and financial corporations tax.

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 TESTIMONY DROP OFF BOX 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 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.

 

 

________________________________________

Rep. Dwight Y. Takamine

Chair