HOUSE OF REPRESENTATIVES

THE THIRTY-SECOND LEGISLATURE

REGULAR SESSION OF 2023

 

COMMITTEE ON ECONOMIC DEVELOPMENT

Rep. Daniel Holt, Chair

Rep. Rachele F. Lamosao, Vice Chair

 

Rep. Natalia Hussey-Burdick

Rep. Sean Quinlan

Rep. Sam Satoru Kong

Rep. Elijah Pierick

Rep. Nadine K. Nakamura

 

 

 

AMENDED NOTICE OF HEARING

 

DATE:

Wednesday, February 8, 2023

TIME:

10:15 a.m.

PLACE:

VIA VIDEOCONFERENCE

Conference Room 423

State Capitol

415 South Beretania Street

 

 

 

Click here to submit testimony and to testify remotely or in person.

 

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shortly before the scheduled start time.

 

Click here for the live stream of this meeting via YouTube.

 

 

 

A M E N D E D  A G E N D A

 

The following measure(s) has been ADDED to the agenda: HB344, HB266

 

 

HB 399

Status

RELATING TO TAX CREDITS.

Allows employers to obtain a tax credit for offering positions to qualified interns in work-based learning programs that have been approved by the department of education or University of Hawaii.

 

ECD, FIN

HB 607

Status

RELATING TO TAXATION.

Creates an income tax credit for taxpayers who are farmers, or are producers of agricultural commodities, cooperatives, broad line distributors, or food hubs who ship products and agricultural goods between counties.

 

ECD, FIN

HB 798

Status

RELATING TO NONPROFIT ORGANIZATIONS.

Clarifies the GET exemption for unrelated trade or business activities of nonprofit organizations.

 

ECD, FIN

HB 825

Status

RELATING TO TAXATION.

Excludes income received from deferred compensation retirement plans from the state income tax for taxpayers who meet certain income requirements.

 

ECD, FIN

HB 954

Status

RELATING TO TAXATION.

Changes the amount of the state earned income tax credit to an unspecified percentage of the federal earned income tax credit allowed based on an individual's federal income tax return.

 

ECD, FIN

HB 990

Status

RELATING TO TAX CREDIT FOR RESEARCH ACTIVITIES.

Consolidates the survey and certification requirements for the research activities tax credit.  Requires the certification based on the date a complete application is received subject to certain conditions.  Adds a cap for an eligible taxpayer and the taxpayer's related entities.

 

ECD, FIN

HB 1193

Status

RELATING TO THE TAX CREDIT FOR RESEARCH ACTIVITIES.

Extends the repeal date of the tax credits for research activities for an additional 5 years.  Adds a cap amount on the tax credit for research activities.  Consolidates the survey and certification requirements for the tax credit for research activities.  Changes to an unspecified amount the annual aggregate cap amount on the tax credit for research activities.  Requires certification of the tax credit for research activities on a first-come, first-served basis to be based on the date that a complete application is received, subject to certain conditions.  Requires a qualified high technology business and at least 75% of its employees to be physically located in the State.  Applies to taxable years beginning after 12/31/2023.

 

ECD, FIN

HB 1364

Status

RELATING TO TAX CREDITS.

Renames the refundable food/excise tax credit and makes the credit nonrefundable.  Authorizes the Department of Taxation to issue the tax credit to taxpayers annually rather than requiring taxpayers to file for the credit.  Applies to taxable years beginning after 12/31/2023.

 

ECD, FIN

HB 1373

Status

RELATING TO WORKFORCE DEVELOPMENT.

Beginning 1/1/2024, requires the department of business, economic development, and tourism to administer a workforce development incentive rebate program that incentivizes local independent film and television productions.

 

ECD, FIN

HB 1384

Status

RELATING TO MANUFACTURING.

Creates an income tax credit to incentivize the food manufacturing industry in the State.  Applies to taxable years beginning after December 31, 2022.

 

ECD, FIN

HB 999

Status

RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.

Establishes a public policy framework that addresses state goals in the area of economic diversification.  Appropriates funds to the Hawaii Technology Development Corporation to implement specific projects that address those goals.  Requires the Hawaii Technology Development Corporation to submit annual reports to the legislature.  Effective on July 1, 2023.

 

ECD, FIN

HB 344

Status

RELATING TO SPORTS WAGERING.

Allows for the regulation of sports wagering by the department of business, economic development, and tourism.  Establishes licensing requirements for sports wagering operators and sports wagering suppliers.  Specifies that sports wagering shall not be considered games of chance or gambling.

 

ECD, JHA/CPC, FIN

The following measure(s) were previously heard on Friday February 3 at 10 a.m.  No public testimony will be accepted.

 

HB 266

Status

RELATING TO THE LABELING OF PRODUCTS.

Clarifies that in calculating whether a product labeled "Made in Hawaii" has met the requirement that at least fifty-one per cent of the wholesale value of the product is added by manufacture, processing, or production within the State, operating and overhead expenses incurred and spent within the State shall be included.  Appropriates funds to promote and develop the "Made in Hawaii" brand.

 

ECD, CPC, FIN

 

 

 

 

 

DECISION MAKING TO FOLLOW

 

Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing.  Testimony received after this time will be stamped late and left to the discretion of the chair to consider.  While every effort will be made to incorporate all testimony received, materials received on the day of the hearing or improperly identified or directed, may not be processed.

 

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FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are bolded.

 

For more information, please contact the Committee Clerk at (808) 586-6180

 

 

 

 

 

________________________________________

Rep. Daniel Holt

Chair