HOUSE OF REPRESENTATIVES
THE TWENTY-THIRD LEGISLATURE
REGULAR SESSION OF 2005
COMMITTEE ON ECONOMIC DEVELOPMENT AND BUSINESS CONCERNS |
Rep. Robert N. Herkes, Chair |
Rep. Glenn Wakai, Vice Chair |
Rep. Felipe P. Abinsay, Jr. |
Rep. Clift Tsuji |
Rep. Jerry L. Chang |
Rep. Kyle T. Yamashita |
Rep. Jon Riki Karamatsu |
Rep. Corinne W.L. Ching |
Rep. Michael Y. Magaoay |
Rep. Barbara C. Marumoto |
NOTICE OF HEARING
DATE: |
Thursday, February 3, 2005 |
TIME: |
8:30 A.M. |
PLACE: |
Conference Room 325 State Capitol 415 South Beretania Street |
A G E N D A
HB 94 |
RELATING TO INCOME TAXATION. Increases the capital goods income tax credit from 4% to 10% for taxable years beginning after 12/31/04, 8% for taxable years beginning after 12/31/06, and 4.5% for taxable years beginning after 12/31/08. |
EDB, FIN |
HB 133 |
RELATING TO THE ECONOMIC DIVERSIFICATION AUTHORITY. Requires the department of business, economic development, and tourism to develop and implement plans, programs, and initiatives to diversify the economy of the State. |
EDB, FIN |
HB 333 |
RELATING TO ECONOMIC ASSISTANCE. Requires corporate recipients of economic development assistance to adhere to certain requirements regarding job creation, job retention, investment of capital; requires uniform application for assistance; creates mechanism to track compliance; provides for recapture upon non-compliance. |
EDB, FIN |
HB 559 |
RELATING TO SMALL BUSINESS. Procurement Policy Board Requires to adopt rules to provide set asides to small businesses in appropriate classifications, and to impose mandatory evaluation criteria designed to encourage the use of small businesses as subcontractors on large contracts. |
EDB, FIN |
HB 601 |
RELATING TO THE SMALL BUSINESS BILL OF RIGHTS. Sets Forth The "Small Business Bill of Rights". |
EDB, CPC/JUD, FIN |
HB 602 |
RELATING TO THE SMALL BUSINESS REGULATORY FLEXIBILITY ACT. Clarifies and amends the Small Business Regulatory Flexibility Act to include a provision establishing when the small business impact statement is to be submitted to the Small Business Regulatory Review Board, and update certain provisions. |
EDB, JUD |
HB 603 |
RELATING TO STATE ENTERPRISE ZONES. Allows farmers who suffer economic losses from force majeure events to drop out of the Enterprise Zone (EZ) program for the period of the loss and gain a month-for -month extension of their overall 84-month eligibility. Clarifies the definition of a "full-time employee" includes leased employees and employees under a joint employer relationship. Specifies that tax credits taken in the EZ program cannot be duplicated in other tax incentive programs. |
EDB/AGR, FIN |
HB 604 |
RELATING TO A BUSINESS-RESEARCH INSTITUTE TAX CREDIT. Proposes a 20% business-research institute tax credit for the development and growth of new technology-intensive businesses. |
EDB, FIN |
HB 610 |
RELATING TO THE CAPITAL LOAN PROGRAM. Moves the Hawaii Capital Loan Program to the Hawaii Strategic Development Corporation. |
EDB, CPC, FIN |
HB 611 |
RELATING TO CAPITAL INVESTMENTS. Includes insurance premium taxes to the list of taxes for which tax credits may be provided. Authorizes The Hawaii Strategic Development Corporation to borrow funds and transfer credits as necessary to credit purchasers. |
EDB, CPC, FIN |
HB 633 |
RELATING TO FEES. Provides the Department of Commerce and Consumer Affairs with the flexibility to adjust fees and other nontax revenues to respond to changing economic conditions. |
EDB, CPC, FIN |
HB 635 |
RELATING TO BUSINESS REGISTRATION. Clarifies and corrects ambiguities and errors in business registration laws. |
EDB, CPC/JUD, FIN |
HB 727 |
RELATING TO A NET INCOME TAX CREDIT FOR FOOD, MEDICAL SERVICES, AND NON-PRESCRIPTION DRUGS. Establishes a refundable tax credit for food, medical services, and non-prescription drugs for working families earning $40,000 or less. |
EDB, HLT, FIN |
HB 731 |
RELATING TO INCOME TAX WITHHOLDING. Clarifies the state withholding tax provisions for employers with state withholding tax liabilities exceeding $40,000 annually. |
EDB, FIN |
HB 754 |
RELATING TO RESTRICTIVE EMPLOYMENT COVENANTS OR AGREEMENTS. Voids restrictive covenants or agreements between employees and employers in cases where the employee is or will be engaged in or employed by a technology business. |
EDB, LAB, CPC/JUD |
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) THE COMMITTEE'S VICE CHAIR IN ROOM 316, 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 WITH TWO HOLES PUNCHED AT THE TOP. FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6505.
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. Robert N. Herkes Chair |
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