HOUSE OF REPRESENTATIVES

THE TWENTY-FIRST LEGISLATURE

REGULAR SESSION OF 2002

COMMITTEE ON FINANCE

Rep. Dwight Takamine, Chair

Rep. Bertha Kawakami, Vice Chair

Rep. Ben Cabreros

Rep. Nobu Yonamine

Rep. Willie Espero

Rep. Ron Davis

Rep. Michael Magaoay

Rep. Charles Djou

Rep. Bob Nakasone

Rep. Bertha Leong

Rep. Scott Saiki

Rep. Mark Moses

Rep. Nathan Suzuki

Rep. Jim Rath

NOTICE OF HEARING

DATE:

Tuesday, February 26, 2002

TIME:

10:00 a.m.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A # 1

HB 2493

(HSCR340-02)

RELATING TO THE HAWAIIAN HOMES COMMISSION ACT, 1920, AS AMENDED.

Allows a homestead lessee, who is at least one-quarter Hawaiian, to transfer the leasehold interest in the tract to a brother or sister, who is at least one-quarter Hawaiian.

JHA, FIN

HB 2570

HD1

(HSCR328-02)

RELATING TO THE CAPITAL GOODS EXCISE TAX CREDIT.

Expands the GET credit for businesses by allowing the credit for canned software to promote the donation of computer equipment by removing the recapture provision; amends the definition of cost to exclude the actual invoice price of the tangible personal property; establishes the tax credit as four percent of the cost of eligible depreciable tangible personal property; deletes references to the county general excise and use tax surcharge.

EDB, FIN

HB 2571

(HSCR127-02)

RELATING TO TAXATION OF PERSONS WITH IMPAIRED SIGHT OR HEARING OR WHO ARE TOTALLY DISABLED THAT ARE ENGAGED IN BUSINESS.

Provides the same general excise tax benefits to persons with impaired sight, hearing, or who are totally disabled regardless of the entity in which they choose to do business.

EDB, FIN

HB 2576

(HSCR224-02)

RELATING TO HIGH TECHNOLOGY TAX INCENTIVES.

Clarify the application of certain high technology tax incentives.

EDB, FIN

HB 2720

RELATING TO THE USE TAX.

Requires proof of payment of use tax to register a motor vehicle bought and imported from out-of-state.

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 PERSONNEL 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 ARE 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