Bill Text: HI HB782 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Starlight Reserve, Aerospace Industry Development; Appropriation

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2011-12-01 - Carried over to 2012 Regular Session. [HB782 Detail]

Download: Hawaii-2012-HB782-Amended.html

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STAND. COM. REP. NO.  865

 

Honolulu, Hawaii

                , 2011

 

RE:   H.B. No. 782

      H.D. 2

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 782, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT, AND TOURISM,"

 

begs leave to report as follows:

 

     The purpose of this bill is to establish a dedicated funding source for the operations of the Department of Business, Economic Development, and Tourism (DBEDT) by:

 

     (1)  Establishing the DBEDT Operation Special Fund (Special Fund) to be used for the operations of DBEDT; and

 

     (2)  Temporarily imposing a surcharge of $20 to be added to various fees assessed by the Department of Commerce and Consumer Affairs (DCCA), Public Utilities Commission, Department of Labor and Industrial Relations (DLIR), and Department of Taxation (DOTAX), and requiring that surcharge revenues be deposited into the Special Fund.

 

     DLIR, DCCA, American Council of Life Insurers, Hawaii Insurers Council, Hawaii Financial Services Association, and a concerned individual opposed this bill.  DOTAX, Department of Budget and Finance, DBEDT, Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc., Maui Electric Company, Ltd., and Tax Foundation of Hawaii submitted comments.

 

     Your Committee has amended this measure by:

 

     (1)  Changing its effective date to July 1, 2011; and

 

     (2)  Making technical, nonsubstantive amendments for style, clarity, and consistency.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 782, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 782, H.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ MARCUS R. OSHIRO, Chair