STAND. COM. REP. NO. 254-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2955
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committees on Economic Development and Business
Concerns and Higher Education, to which was referred H.B. No.
2955 entitled: 

     "A BILL FOR AN ACT RELATING TO NEW ECONOMY SKILLS TRAINING,"

beg leave to report as follows:

     The purpose of this bill is to support the growth and
development of technology in Hawaii by providing an income tax
credit for the cost of training the taxpayer or taxpayer's
employees to upgrade their technology-related skills.

     The Hawaii Technology Trade Association testified in support
of this measure.  The Governor's Special Advisor on Technology
Development, the Department of Taxation, and the High Technology
Development Corporation testified in support of the intent of
this measure.  The Tax Foundation of Hawaii submitted comments.

     As affirmed by the records of votes of the members of your
Committees on Economic Development and Business Concerns and
Higher Education that are attached to this report, your
Committees are in accord with the intent and purpose of H.B. No.
2955 and recommend that it pass Second Reading and be referred to
the Committee on Finance.


 
 
 
 
 
 
                                 STAND. COM. REP. NO. 254-00
                                 Page 2

 
                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committees on Economic
                                   Development and Business
                                   Concerns and Higher Education,




______________________________     ____________________________
DAVID MORIHARA, Chair              ROBERT N. HERKES, Chair