THE SENATE
THE TWENTY-SIXTH LEGISLATURE
REGULAR SESSION OF 2012

COMMITTEE ON TOURISM
Senator Donna Mercado Kim, Chair
Senator Ronald D. Kouchi, Vice-Chair

MEASURES DEFERRED TO TUESDAY, FEBRUARY 14, 2012

DATE:

Tuesday, February 14, 2012

TIME:

1:15 PM

PLACE:

Conference Room 224
State Capitol
415 South Beretania Street

DECISION MAKING ON THE FOLLOWING MEASURE(S):

SB3048
Status and Testimony

RELATING TO TRAVEL AND TOURISM STIMULUS INITIATIVES.
Provides a general excise tax exemption for hotel and resort construction and renovation and for the operation of these hotels and resorts for seven years after completion of construction and renovation; requires construction and renovation of a hotel facility or resort facility to be completed by 6/30/2017 to be eligible for the exemption.

TSM, WAM

SB3049
Status and Testimony

RELATING TO TAXATION.
Establishes a hotel construction and remodeling tax credit of ten per cent of the construction or renovation costs incurred during the taxable year for each qualified hotel facility located in Hawaii; applies to taxable years beginning after 12/31/2011, and ending 12/31/2017.

TSM, WAM

No testimony will be accepted.

FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are underscored.  If a measure is both underscored and stricken through, that measure has been deleted from the agenda.

FOR FURTHER INFORMATION, PLEASE CONTACT THE COMMITTEE CLERK AT 808-587-7200.