HOUSE OF REPRESENTATIVES

THE THIRTY-THIRD LEGISLATURE

REGULAR SESSION OF 2026

COMMITTEE ON ECONOMIC DEVELOPMENT & TECHNOLOGY

Rep. Greggor Ilagan, Chair

Rep. Ikaika Hussey, Vice Chair

Rep. Daniel Holt	Rep. Kyle T. Yamashita
Rep. Adrian K. Tam	Rep. Joe Gedeon
Rep. Shirley Ann Templo

COMMITTEE ON TOURISM

Rep. Adrian K. Tam, Chair

Rep. Shirley Ann Templo, Vice Chair

Rep. Daniel Holt	Rep. Kyle T. Yamashita
Rep. Ikaika Hussey	Rep. Joe Gedeon
Rep. Greggor Ilagan

NOTICE OF HEARING

DATE:	Wednesday, February 4, 2026
TIME:	10:00 am
PLACE:	VIA VIDEOCONFERENCE Conference Room 423 State Capitol 415 South Beretania Street

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A G E N D A

HB 1943 Status	RELATING TO ECONOMIC DEVELOPMENT. Expands the purposes of the establishment and operation of offices in out-of-state locations to include serving Hawaii's businesses and tourism efforts through various initiatives.  Requires, and appropriates funds for, the Department of Business, Economic Development, and Tourism to establish an out‑of-state office in Seoul, Republic of Korea.  Appropriates funds for the Department of Business, Economic Development, and Tourism's Beijing office and Taipei office to promote "Made in Hawaii" branded products and increase the export of Hawaii products.	ECD/TOU, FIN
HB 1612 Status	RELATING TO ECONOMIC DEVELOPMENT. Establishes a business competitiveness goal for the State to achieve a ranking of being in the top thirty states in the United States for business climate by 2045, with interim goals.  Requires the Department of Business, Economic Development, and Tourism to submit annual reports on progress in meeting the business competitive goals.  Appropriates funds.	ECD, FIN
HB 1614 Status	RELATING TO ECONOMIC DEVELOPMENT. Establishes the Hawaii Technology Development Corporation Revolving Fund for the purpose of financing the State's matching contributions required by federal grants.  Appropriates funds.	ECD, FIN
HB 1968 Status	RELATING TO PERMITTING. Implements certain recommendations of the SPEED Task Force.  Requires the Department of Business, Economic Development, and Tourism to develop a statewide permitting intake platform.  Appropriates funds for the development of the platform, subject to a matching funds requirement from the counties.	ECD, WAL, FIN
HB 1967 Status	RELATING TO PERMITTING. Implements certain recommendations of the SPEED Task Force.  Requires the Department of Business, Economic Development, and Tourism to develop a permitting workforce pipeline in partnership with the University of Hawaii and community colleges and coordinate with state and county permitting agencies on certain tasks related to classification levels, salary and benefits, hiring, and responsibilities of employees.  Appropriates funds.	ECD, HED, FIN
HB 1589 Status	RELATING TO THE DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT, AND TOURISM. Establishes the Hawaii Dementia Initiative Business Recognition Program within the Department of Business, Economic Development, and Tourism.  Appropriates moneys.	ECD, FIN
HB 1608 Status	RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST FENIX SPACE, INC. Authorizes the issuance of special purpose revenue bonds for the planning, design, and construction of the Fenix Space launch platform system and Fenix Space Hilo flight operations facility.	ECD, TRN, FIN
HB 1850 Status	RELATING TO CAPITAL GAINS TAX. Increases the capital gains tax rate for individuals, estates, and trusts to nine per cent.  Increases the alternative capital gains tax for corporations to five per cent.	ECD, FIN

DECISION MAKING TO FOLLOW

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

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________________________________________ Rep. Adrian K. Tam Chair

________________________________________ Rep. Greggor Ilagan Chair