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HI SCR122

Concurrent Resolution

Official Source

Status

Engrossed

4/3/2019

Primary Sponsor

Donovan Cruz

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Urges the Governor to nominate opportunity zones in census tracts in Wahiawa and Whitmore Village to assist with economic development.

  • References the federal Tax Cuts and Jobs Act Opportunity Zones Program, which provides tax incentives for investors to reinvest unrealized capital gains into economically distressed communities.

  • Notes that Hawaii has already designated 25 census tracts as opportunity zones, but none were designated in rural areas of the City and County of Honolulu.

  • Directs certified copies of the resolution be transmitted to Hawaii's Congressional delegation and the Governor.

Legislative Description

Urging The Governor To Nominate Opportunity Zones To Assist With Economic Development In Census Tracts In Wahiawa And Whitmore Village.

Economic Development

Last Action

Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Perruso voting no (1) and Representative(s) Eli, Gates, Holt, Nakamura excused (4).

4/15/2019

Committee Referrals

Finance4/15/2019
Economic Development & Business4/5/2019
Energy, Economic Development, and Tourism3/12/2019

Full Bill Text

No bill text available