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HI SB752

Bill

Status

Engrossed

3/8/2011

Primary Sponsor

Glenn Wakai

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Amends the Hawaii community-based economic development revolving fund to allow funding for operations, personnel costs, and the enterprise zone program in addition to grants and loans.

  • Clarifies that moneys in the hydrogen investment capital special fund shall be expended by the Hawaii strategic development corporation.

  • Establishes the department of business, economic development, and tourism operation special fund to receive revenues from a temporary $20 surcharge on certain business and commerce-related fees.

  • Imposes a $20 surcharge from July 1, 2011 through June 30, 2015 on fees charged by the departments of commerce and consumer affairs, labor and industrial relations, and taxation, and the public utilities commission for licenses, permits, registrations, and authorizations.

  • Surcharge revenues are to be collected by departments and transmitted to the director of finance for deposit into the DBEDT operation special fund, with any remaining moneys transferred back to the general fund on July 1, 2015.

Legislative Description

Community-Based Economic Development; Enterprise Zone Program; Department of Business, Economic Development, and Tourism Operation Special Fund; Temporary Surcharge

Last Action

(S) Conference committee meeting to reconvene on 04-29-11 11:30AM in conference room 423.

4/28/2011

Committee Referrals

Ways and Means2/11/2011
Economic Development and Technology1/24/2011

Full Bill Text

No bill text available