STAND. COM. REP. NO. 654

 

Honolulu, Hawaii

, 2019

 

RE: H.B. No. 343

H.D. 1

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

 

Sir:

 

Your Committee on Economic Development & Business, to which was referred H.B. No. 343 entitled:

 

"A BILL FOR AN ACT RELATING TO A SMALL CRAFT BEER PRODUCER TAX CREDIT,"

 

begs leave to report as follows:

 

The purpose of this measure is to encourage and expand the growth of the small craft beer industry in Hawaii by establishing a small craft beer producer income tax credit.

 

REAL gastropub/Bent Tail Brewing Company, Kauai Beer Company, Hawaiian Craft Brewers Guild, Honolulu BeerWorks, Maui Brewing Co., Waikiki Brewing Company, Kauai Island Brewing Company, Inu Island Ales, and a few individuals supported this measure. The Department of Taxation, Department of Business, Economic Development & Tourism, and Tax Foundation of Hawaii provided comments.

 

Your Committee has amended this measure by changing its effective date to July 1, 2112, to encourage further discussion.

 

As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 343, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 343, H.D. 1, and be referred to your Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

 

 

 

 

____________________________

ANGUS L.K. McKELVEY, Chair