Bill Text: HI SB745 | 2012 | Regular Session | Amended
Bill Title: Special Purpose Revenue Bonds; Seawater Air Conditioning Projects
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2012-06-26 - (H) Act 155, on 6/25/2012 (Gov. Msg. No. 1258). [SB745 Detail]
Download: Hawaii-2012-SB745-Amended.html
STAND. COM. REP. NO. 1140
Honolulu, Hawaii
, 2011
RE: S.B. No. 745
S.D. 2
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Sixth State Legislature
Regular Session of 2011
State of Hawaii
Sir:
Your Committees on Economic Revitalization & Business and Energy & Environmental Protection, to which was referred S.B. No. 745, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO SEAWATER AIR CONDITIONING,"
beg leave to report as follows:
The purpose of this bill is to reduce Hawaii's reliance on fossil fuels and support alternative energy systems by including the production of air conditioning from a seawater air conditioning district cooling system within the definition of "eligible business activity" under the State's Enterprise Zone program. This bill also stipulates that gross proceeds received by a contractor in connection with the construction of a seawater air conditioning district cooling system shall not be exempt from the general excise tax.
Honolulu Seawater Air Conditioning, LLC, and The Hawaii Building and Construction Trades Council, AFL-CIO, supported this bill. The Department of Business, Economic Development, and Tourism supported the intent of this bill. The Department of Taxation and Tax Foundation of Hawaii submitted comments.
Your Committees have amended this measure by:
(1) Changing its effective date to July 1, 2112, to encourage further discussion; and
(2) Making technical, nonsubstantive amendments for style, clarity, and consistency.
As affirmed by the records of votes of the members of your Committees on Economic Revitalization & Business and Energy & Environmental Protection that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 745, S.D. 2, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 745, S.D. 2, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committees on Economic Revitalization & Business and Energy & Environmental Protection,
____________________________ DENNY COFFMAN, Acting Chair |
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____________________________ ANGUS L.K. McKELVEY, Chair |
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