relating to preserving and maintaining historic irwin memorial park as a landscaped street-level open space gateway to the honolulu waterfront.

Require ATDC to retain and maintain Irwin Memorial Park, subject to reservations and conditions set forth by Helene Irwin Fagan; and to preserve and maintain the existing historic landscape features as a street-level public open space park.

RELATING TO TAXATION.

Establishes a tax credit for revitalization of older commercial facilities, including retail, hotel, warehouse, and industrial facilities; provided that either the facility or the commercial district where the facility is located is at least twenty-five years old; projects over $2,500,000 required to pay prevailing wages under chapter 104, Hawaii Revised Statutes.

relating to information technology development.

Appropriates $6 million in GO bond funds to extend the community-based economic development loan and grant program to information technology for distressed rural areas. Appropriates $200,000 to increase the program's funding.

making an appropriation to recruit investment from Pacific rim countries in support of community-based economic development.

Appropriates moneys to establish a program to attract investment from Pacific Rim countries and to create a civil service exempt position in the community-based economic development program of the department of business, economic development, and tourism.

relating to high technology.

Provides matching funds to provide extension services through HMEP to improve the performance of business enterprises in Hawaii and thereby strengthen global and local competitiveness.

making an appropriation for pacon international.

Appropriates $50,000 to support the activities of PACON International, the Pacific Congress on Marine Science and Technology. Requires matching funds.

RELATING TO LEGISLATIVE PROCEEDINGS ON THE INTERNET.

Appropriates $ for a legislative media streaming project over the internet.

relating to technology.

Appropriates money for the New Economy Transition (NET) program.

RELATING TO TAXATION.

Provides corporate tax relief to corporations, regulated investment companies, real estate investment trusts, and franchise taxpayers.

Relating to small businesses.

Repeals the sunset provision of the Small Business Regulatory Flexibility Act and the Small Business Defender Act. Appropriates funding for the operation of the small business defender.

RELATING TO the economy.

Creates an economic task force to develop clear goals and an implementation plan to improve Hawaii's economic diversity.

RELATING TO THE HIGH TECHNOLOGY DEVELOPMENT CORPORATION.

Makes housekeeping amendments to the high technology development corporation law.

making an appropriation for COMMUNITY-BASED ECONOMIC DEVELOPMENT.

Appropriates funds for the planning, design, and construction of physical improvements selected as part of an existing or emerging comprehensive, regional, multi-sector community-based strategic action planning process coordinated by the Hawaii Alliance for Community-Based Economic Development.

RELATING TO HIGH TECHNOLOGY.

Creates a high technology task force to develop clear goals and an implementation plan to improve Hawaii's high technology industry.

relating to taxation.

Adds new tax benefits for high tech industries and amends current benefits to improve them.

relating to research and technology parks.

Requires all infrastructure at all existing technology parks to be completed before the governor may allocate funds for the construction of new technology parks.

relating to special purpose revenue bonds for hi-tech hawaii, inc.

Authorizes the issuance of special purpose revenue bonds to assist Hi-Tech Hawaii, Inc. in planning, designing, and constructing a high technology research and development facility in the State.

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Senator Rod Tam