THE SENATE

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2005

COMMITTEE ON BUSINESS & ECONOMIC DEVELOPMENT

Senator Will Espero, Chair

Senator Carol Fukunaga, Vice Chair

MEASURES DEFERRED TO FRIDAY, MARCH 18, 2005

TIME:

3:00 p.m.

PLACE:

Conference Room 414

State Capitol

415 South Beretania Street

 

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from Thursday, March 17, 2005)

HB 998

HD2

(HSCR960)

RELATING TO HOTEL CONSTRUCTION AND REMODELING TAX CREDIT.

Extends and revises the hotel construction and remodeling tax credit to % on 7/1/05, % on 7/1/09 and repeals the tax credit on 7/1/12; removes time share facilities, condominiums, and commercial buildings and facilities located within a qualified resort area from the definition of "qualified hotel facility"; includes recapture provisions in the event a qualified hotel facility is converted, or is being converted, to a time share facility or condominium. (HB998 HD2)

TSM/BED, WAM

(Please note: The Committee on TSM held its decision making on the above measure(s) on Thursday, March 17, 2005.)

 

 

No testimony will be accepted.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6360.