STAND. COM. REP. NO.126-02
RE: H.B. No. 2454
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 2454 entitled:
"A BILL FOR AN ACT RELATING TO ENTERPRISE ZONES,"
begs leave to report as follows:
The purpose of this bill is to assist firms participating in the Enterprise Zones (EZ) program in the wake of the September 11, 2001, terrorist attacks by:
(1) Allowing EZ firms to use their average annual number of full-time employees as of August 31, 2001, to satisfy their EZ hiring requirements for any fiscal year that includes September 11, 2001;
(2) Allowing EZ firms to use its average annual number of full-time employees at the end of its fiscal year that includes September 11, 2001, as its base number of full-time employees to meet their hiring requirements in future fiscal years; and
(3) Eliminating the use tax exemption for EZ firms.
The Department of Business, Economic Development, and Tourism supported the intent of this measure.
As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2454 and recommends that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,
LEI AHU ISA, Chair