state of hawaii no. 1108 h.b. house of representatives 2 · page 2 h.b. no. 1108 section 2. section...

HOUSE OF REPRESENTATIVES TWENTY-FOURTH LEGISLATURE, 2007 STATE OF HAWAII

1108 H.B. NO.

A BILL FOR AN ACT

RELATING TO STATUTORY REVISION: AMENDING OR REPEALING VARIOUS PROVISIONS OF THE HAWAII REVISED STATUTES AND THE SESSION LAWS OF HAWAII FOR THE PURPOSE OF CORRECTING ERRORS AND REFERENCES, CLARIFYING LANGUAGE, AND DELETING OBSOLETE OR UNNECESSARY PROVISIONS.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

1 SECTION 1. Section 6E-11, Hawaii Revised Statutes, is

2 amended by amending subsection (a) to read as follows:

3 "(a) It shall be a civil and administrative violation for

4 any person to take, appropriate, excavate, injure, destroy, or

5 alter any historic property or aviation artifact located upon

6 the private lands of any owner thereof without the owner's

written permission being first obtained. It shall be a civil

and administrative violation for any person to take,

appropriate, excavate, injure, destroy, or alter any historic

property or aviation artifact located upon lands owned or

[+]controlled by the State or any of its political

subdivisions,[+] except as permitted by the department, or to

knowingly violate the conditions set forth in an approved

mitigation plan that includes monitoring and preservation

plans. "

HB1108 HD1 LRB 07-1928.d0~

1108 H.B. NO.

SECTION 2. Section 36-27, Hawaii Revised Statutes, is

amended to read as follows:

"536-27 Transfers from special funds for central service

expenses. Except as provided in this section, and

notwithstanding any other law to the contrary, from time to

time, the director of finance, for the purpose of defraying the

prorated estimate of centra1"service expenses of government in

relation to all special funds, except the:

(1) Special out-of-school time instructional program fund

under section 302A-1310;

(2) School cafeteria special funds of the department of

education;

(3) Special funds of the University of Hawaii;

(4) State educational facilities improvement special fund;

(5) Convention center enterprise special fund under

section 201B-8;

(6) Special funds established by section 206E-6;

(7) Housing loan program revenue bond special fund;

(8) Housing project bond special fund;

(9) Aloha Tower fund created by section 206J-17;

(10) Funds of the employees' retirement system created by

section 88-109;

HB1108 HD1 LRB 07-1928.d0~

IIIIIIIIY BY IllIIIllllIllIlllllIlllIlIlll1ll1ll1llllllll11llllllllllllllllllllllllllllllY lllllllllllllllUlllMllll Allll

1108

H.B. NO.

1 (11) Unemployment compensation fund established under

2 section 383-121;

3 (12) Hawaii hurricane relief fund established under chapter

4 431P;

5 (13) Hawaii health systems corporation special funds;

6 (14) Tourism special fund established under section

7 201B-11;

8 (15) Universal service fund established under chapter 269;

9 [ / 1 C \ ~ t srnst=s speeiz:

10 F 7 ~ n A r y n A n r - n m t ; - n 331 3 3 - I U I L U U l L u L L ubb I - L u l l L J I 4 . L I

11 - e l (16) Emergency and budget reserve fund under section

12 328L-3;

13 [ - & € + I (17) Public schools special fees and charges fund

14 under section 302A-1130(f);

15 [f.2-8f] (18) Sport fish special fund under section 18711-9.5;

16 [-+XJj] (19) Neurotrauma special fund under section 3218-4;

17 [+F&-j-] (20) Deposit beverage container deposit special fund

18 under section 342G-104;

19 [+&£j] (21) Glass advance disposal fee special fund

20 established by section 3426-82;

21 [f23f] (22) Center for nursing special fund under section

22 [+] 304A-2163 [+I ;

HB1108 HD1 LRB 07-1928.d0~

[+%-)-I (23) Passenger facility charge special fund

established by section 261-5.5;

[+%+I (24) Solicitation of funds for charitable purposes

special fund established by section 467B-15;

[-+2&+] (25) Land conservation fund established by section

173A-5;

[~w] (26) Court interpreting services revolving fund under

section 607-1.5;

[-&%j-] (27) Trauma system special fund under section 321-

22.5;

[f24f] (28) Hawaii cancer research special fund;

[f38t] (29) Community health centers special fund; and

[f32-f] (30) Emergency medical services special fund [f] ;

shall deduct five per cent of all receipts of all other special

funds, which deduction shall be transferred to the general fund

of the State and become general realizations of the State. All

officers of the State and other persons having power to allocate

or disburse any special funds shall cooperate with the director

in effecting these transfers. To determine the proper revenue

base upon which the central service assessment is to be

calculated, the director shall adopt rules pursuant to chapter

91 for the purpose of suspending or limiting the application of

HB1108 HD1 LRB 07-1928.d0~

1108 H.B. NO. H.D-l

the central service assessment of any fund. No later than

twenty days prior to the convening of each regular session of

the legislature, the director shall report all central service

assessments made during the preceding fiscal year.[+]"


amended by amending subsection (a) to read as follows:

"(a) Each special fund, except the:

(1) Transportation use special fund established by section

261D-1;

(2) Special out-of-school time instructional program fund

under section 302A-1310;

(3) School cafeteria special funds of the department of

education;

(4) Special funds of the University of Hawaii;

(5) State educational facilities improvement special fund;

(6) Special funds established by section 206E-6;

(7) Aloha Tower fund created by section 206J-17;

(8) Funds of the employees' retirement system created by

section 88-109;

(9) Unemployment compensation fund established under

section 383-121;

HB1108 HD1 LRB 07-1928.d0~

1108

H .B. NO. H.D.l

(10) Hawaii hurricane relief fund established under chapter

431P;

(11) Convention center enterprise special fund established

under section 201B-8;

(12) Hawaii health systems corporation special funds;

(13) Tourism special fund established under section

(14) Universal service fund established under chapter 269;

w.1 (15) Emergency and budget reserve fund under section 328L-3;

[,-(-&?+I (16) Public schools special fees and charges fund

under section 302A-1130(f);

[.-(&+I (17) Sport fish special fund under section 18711-9.5;

[fratfrat] (18) Neurotrauma special fund under section 321H-4;

[w] (19) Center for nursing special fund under section

[f] 304A-2163 [+] ;

[+%I+] (20) Passenger facility charge special fund

established by section 261-5.5;

[~+&2+] (21) Court interpreting services revolving fund under

section 607-1.5;

HB1108 HD1 LRB 07-1928.d0~

1108 H.B. NO. H.D.l

[t23f] (22) Trauma system special fund under section 321-

22.5;

[ w ] (23) Hawaii cancer research special fund;

[+E+] (24) Community health centers special fund; and

[ + & - ) - I (25) Emergency medical services special fund [f] ;

shall be responsible for its pro rata share of the

administrative expenses incurred by the department responsible

for the operations supported by the special fund concerned.[+]"


amended by amending subsection (c) to read as follows:

"(c) The following persons shall file annually with the

state ethics commission a disclosure of financial interests:

The governor, the lieutenant governor, the members of

the legislature, and delegates to the constitutional

convention; provided that delegates to the

constitutional convention shall only be required to

file initial disclosures;

The directors and their deputies, the division chiefs,

the executive directors and the executive secretaries

and their deputies, the purchasing agents and the

fiscal officers, regardless of the titles by which the

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO.

foregoing persons are designated, of every state

agency and department;

(3) The permanent employees of the legislature and its

service agencies, other than persons employed in

clerical, secretarial, or similar positions;

(4) The administrative director of the State, and the

assistants in the office of the governor and the

lieutenant governor, other than persons employed in

clerical, secretarial, or similar positions;

(5) The hearings officers of every state agency and

department;

(6) The president, the vice presidents, assistant vice

presidents, the chancellors, and the provosts of the

University of Hawaii and its community colleges;

(7) The superintendent, the deputy superintendent, the

assistant superintendents, the complex area

superintendents, the state librarian, and the deputy

state librarian of the department of education;

(8) The administrative director and the deputy director of

the courts;

(9) The members of every state board or commission whose

original terms of office are for periods exceeding one

HB1108 HD1 LRB 07-1928.d0~ 8

1108

H.B. NO.

year and whose functions are not solely advisory;

[ ~ r c v ~ e d t h ~ t the 9=cr=r1s spccizl zdvisery ecuncil

Fn, t n m " n n 1 nm" A. lh - -n l h Y ? t 2s &"I L b L l l l l V L V y y U b V L L V

cct ts this su

th: r. n r , h o n n t is=; I

(10) Candidates for state elective offices, including

candidates for election to the constitutional

convention, provided that candidates shall only be

required to file initial disclosures; and

(11) The administrator and assistant administrator of the

office of Hawaiian affairs."

SECTION 5. Section 132D-16, Hawaii Revised Statutes, is

amended by amending subsection (c) to read as follows:

"(c) No permit shall be issued under this section unless

the applicant presents, at the applicant's option, either:

(1) A written certificate of an insurance carrier, which

has been issued to or for the benefit of the

applicant, or a policy providing for the payment of

damages in the amount of not less than $5,000 for

injury to, or death of, any one person, and subject to

the foregoing limitation for one person; in the amount

of not less than $10,000 for injury to, or death of,

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO.

two or more persons; and in the amount of not less

than $5,000 for damage to property, caused by reason

of the authorized display and arising from any

tortious acts or negligence of the permittee, the

permittee's agents, employees, or subcontractors. The

certificate shall state that the policy is in full

force and effect and will continue to be in full force

and effect for not less than ten days after the date

of the display; or

(2) The bond of a surety company duly authorized to

transact business within the State, or a bond with not

less than two individual sureties who together have

assets in the State equal in value to not less than

twice the amount of the bond, or a deposit of cash, in

the amount of not less than $10,000 conditioned upon

the payment of all damages that may be caused to any

person or property by reason of the authorized display

and arising from any tortious acts or negligence of

the permittee, the permittee's agents, employees, or

subcontractors. The security shall continue to be in

full force and effect for not less than ten days after

the date of the display.

HB1108 HD1 LRB 07-1928.d0~ lo

The county may require coverage in amounts greater than the

minimum amounts set forth in paragraph (1) or (2) if deemed

necessary or desirable in consideration of such factors as the

location and scale of the display, the type of aerial devices,

[+]display[+] fireworks, or articles pyrotechnic to be used, and

the number of spectators expected."


amended as follows:

1. By amending subsection (a) to read:

"(a) No person shall acquire the ownership of a firearm,

whether usable or unusable, serviceable or unserviceable, modern

or antique, registered under prior law or by a prior owner or

unregistered, either by purchase, gift, inheritance, bequest, or

in any other manner, whether procured in the State or imported

by mail, express, freight, or otherwise, until the person has

first procured from the chief of police of the county of the

person's place of business or, if there is no place of business,

the person's residence or, if there is neither place of business

nor residence, the person's place of sojourn, a permit to

acquire the ownership of a firearm as prescribed in this

section. When title to any firearm is acquired by inheritance

or bequest, the foregoing permit shall be obtained before taking

HB1108 H D 1 LRB 07-1928.d0~

possession of a firearm; provided that upon presentation of a

copy of the death certificate of the owner making the bequest,

any heir or legatee may transfer the inherited or bequested

firearm directly to a dealer licensed under section 134-31 or

licensed by the United States Department of [&-I

Justice without complying with the requirements of this

section. I'

2. By amending subsection (e) to read:

"(e) The permit application form shall be signed by the

applicant and by the issuing authority. One copy of the permit

shall be retained by the issuing authority as a permanent

official record. Except for sales to dealers licensed under

section 134-31, or dealers licensed by the United States

Department of Justice, or law enforcement officers, or where a

license is granted under section 134-9, or where any firearm is

registered pursuant to section 134-3(a), no permit shall be

issued to an applicant earlier than fourteen calendar days after

the date of the application; provided that a permit shall be

issued or the application denied before the twentieth day from

the date of application. Permits issued to acquire any pistol

or revolver shall be void unless used within ten days after the

date of issue. Permits to acquire a pistol or revolver shall

HB1108 HD1 LRB 07-1928.d0~

1108 H.B. NO.

require a separate application and permit for each transaction.

Permits issued to acquire any rifle or shotgun shall entitle the

permittee to make subsequent purchases of rifles or shotguns for

a period of one year from the date of issue without a separate

application and permit for each acquisition, subject to the

disqualifications under section.134-7 and subject to revocation

under section 134-13; provided that if a permittee is arrested

for committing a felony or any crime of violence or for the

illegal sale of any drug, the permit shall be impounded and

shall be surrendered to the issuing authority. The issuing

authority shall perform an inquiry on an applicant who is a

citizen of the United States by using the National Instant

Criminal Background Check System before any determination to

issue a permit or to deny an application is made. If the

applicant is not a citizen of the United States and may be

eligible to acquire a firearm under this chapter, the issuing

authority shall perform an inquiry on the applicant, by using

the National Instant Criminal Background Check System, to

include a check of the Immigration and Customs Enforcement

, a databases, [where the applicant is not a cltlzcn of the United

C t 7 t U,,,cs,] before any determination to issue a permit or to deny

an application is made."

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO. H.D.l


amended by amending subsections (c) and (d) to read as follows:

"(c) Dealers licensed under section 134-31 or dealers

licensed by the United States Department of [ t p ]

Justice shall register firearms pursuant to this section on

registration forms prescribed by the attorney general and shall

not be required to have the firearms physically inspected by the

chief of police at the time of registration.

(d) Registration shall not be required for:

(1) Any device that is designed to fire loose black powder

or that is a firearm manufactured before 1899;

(2) Any device not designed to fire or made incapable of

being readily restored to a firing condition; or

(3) All unserviceable firearms and destructive devices

registered with the Bureau of Alcohol, Tobacco, and

Firearms of the United States Department of [&he

-21 Justice pursuant to Title 27, Code of

Federal Regulations."



"(a) In an exceptional case, when an applicant shows

reason to fear injury to the applicant's person or property, the

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO. H.D.l

chief of police of the appropriate county may grant a license to

an applicant who is a citizen of the United States of the age of

twenty-one years or more or to a duly accredited official

representative of a foreign nation of the age of twenty-one

years or more to carry a pistol or revolver and ammunition

therefor concealed on the person within the county where the

license is granted. Where the urgency or the need has been

sufficiently indicated, the respective chief of police may grant

to an applicant of good moral character who is a citizen of the

United States of the age of twenty-one years or more, is engaged

in the protection of life and property, and is not prohibited

under section 134-7 from the ownership or possession of a

firearm, a license to carry a pistol or revolver and ammunition

therefor unconcealed on the person within the county where the

license is granted. The chief of police of the appropriate

county, or the chief's designated representative, shall perform

an inquiry on an applicant by using the National Instant

Criminal Background Check System, to include a check of the

Immigration and Customs Enforcement database^[^] where the

applicant is not a citizen of the United States, before any

determination to grant a license is made. Unless renewed, the

license shall expire one year from the date of issue."

HB1108 HD1 LRB 07-1928.d0~

1108

H .B. NO. H.D.l

1 SECTION 9. Section 195F-4, Hawaii Revised Statutes, is


"(a) There is established a special fund within the state

treasury known as the forest stewardship fund which shall be used

as follows:

(1) Payments shall be made by the board pursuant to

agreements entered into with qualified landowners to

further the purposes of this chapter;

(2) Moneys collected from:

(A) The harvest of non-native forest products from

forest reserves;

(B) The harvest of native forest products from

degraded forests as defined in section 186-5.5,

within forest reserves;

(C) The sale of forest products found dead and lying

on the ground;

(D) The sale of tree seedlings from state nurseries;

(E) The sale of any other products or services, or

anything of value derived from forest reserves

not described above; or

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO.

(F) The imposition of fines or penalties for

violations of this chapter and chapters 183 and

185 [+wKk%-F] or any rule adopted thereunder;

shall be used for: (i) [R:pl;nting,] replanting,

managing, and maintaining designated timber management

areas; (ii) [Enhc;ncing] enhancing the management of

public forest reserves with an emphasis on restoring

degraded koa forests; and (iii) [43cv,lo-,ir;g] developing

environmental education and training programs

pertaining to sustainable forestry; provided that the

activities described in clauses (ii) and (iii) may not

be funded unless the activities described in approved

management plans pertaining to clause (i) are

adequately funded; and

(3) Moneys deposited into the fund as authorized by section

247-7 may also be used by the department to administer

the program and manage the forest reserve system."

SECTION 10. Section 211G-13, Hawaii Revised Statutes, is

amended by amending subsection (e) to read as follows:

"(e) In carrying out the mission of the corporation, as

authorized in this chapter, neither the corporation nor its

officers, board members, or employees shall be considered to be

HB1108 HD1 LRB 07-1928.d0~

1108 H.B. NO. H-D- l

broker-dealers, agents, investment advisors, or investment

adviser representatives under chapter [*I 485A. The tax

credits issued or transferred pursuant to this chapter shall not

be considered securities under chapter [*I 485A."


amended by amending subsection (b) to read as follows:

"(b) There is hereby imposed on the taxable income of

every head of a household a tax determined in accordance with

the following table:

In the case of any taxable year beginning after

December 31, 2001:

If the taxable income is: The tax shall be:

Not over $3,000 1.40% of taxable income

Over $3,000 but $42.00 plus 3.20% of

not over $6,000 excess over $3,000

Over $6,000 but $138.00 plus 5.50% of


Over $12,000 but $468.00 plus 6.40% of


Over [/21,588] $18,000 $852.00 plus 6.80% of

but not over $24,000 excess over $18,000

Over $24,000 but $1,260.00 plus 7.20% of

HB1108 HD1 LRB 07-1928.d0~

I1111 llllllIlIllIl lUNllIlllIlIlIl Illlllllllllllllllllllll11lll0llllllllllllllllll1llll1lUllllllllll1ll1lllllllll

1108

H.B. NO.

not over $ 3 0 , 0 0 0

Over $ 3 0 , 0 0 0 but

not over $ 4 5 , 0 0 0

Over $ 4 5 , 0 0 0 but

not over $ 6 0 , 0 0 0

Over $ 6 0 , 0 0 0

excess over $ 2 4 , 0 0 0

$ 1 , 6 9 2 . 0 0 plus 7 . 6 0 % of


$ 2 , 8 3 2 . 0 0 plus 7 . 9 0 % of


$ 4 , 0 1 7 . 0 0 plus 8 . 2 5 % of

excess over $ 6 0 , 0 0 0 .

In the case of any taxable year beginning after

December 31, 2 0 0 6 :

If the taxable income is: The tax shall be:

Not over $ 3 , 6 0 0 1 . 4 0 % of taxable income

Over $ 3 , 6 0 0 but $ 5 0 . 0 0 plus 3 . 2 0 % of

not over $ 7 , 2 0 0 excess over $ 3 , 6 0 0

Over $ 7 , 2 0 0 but $ 1 6 6 . 0 0 plus 5 . 5 0 % of

not over $ 1 4 , 4 0 0 excess over $ 7 , 2 0 0

Over $ 1 4 , 4 0 0 but $ 5 6 2 . 0 0 plus 6 . 4 0 % of

not over $ 2 1 , 6 0 0 excess over $ 1 4 , 4 0 0

Over $ 2 1 , 6 0 0 but $ 1 , 0 2 2 . 0 0 plus 6 . 8 0 % of

not over $ 2 8 , 8 0 0 excess over $ 2 1 , 6 0 0

Over $ 2 8 , 8 0 0 but $ 1 , 5 1 2 . 0 0 plus 7 . 2 0 % of

not over $ 3 6 , 0 0 0 excess over [ $ 2 g r 0001

$ 2 8 , 8 0 0

HB1108 H D 1 LRB 0 7 - 1 9 2 8 . d 0 ~ 1

1108

H.B. NO.

Over $36,000 but $2,030.00 plus 7.60% of


Over $54,000 but $3,398.00 plus 7.90% of


Over $72,000 $4,820.00 plus 8.25% of

excess over $72,000."

SECTION 12. Section 235-110.7, Hawaii Revised Statutes, is

amended as follows:

1. By amending subsections (a) and (b) to read:

"(a) There shall be allowed to each taxpayer subject to

the tax imposed by this chapter a capital goods excise tax

credit which shall be deductible from the taxpayer's net income

tax liability, if any, imposed by this chapter for the taxable

year in which the credit is properly claimed.

The amount of the tax credit shall be determined by the

application of the following rates against the cost of the

eligible depreciable tangible personal property used by the

taxpayer in a trade or business and placed in service within

Hawaii after December 31, 1987. For calendar years beginning

after: December 31, 1987, the applicable rate shall be three

per cent; December 31, 1988, and thereafter, the applicable rate

shall be four per cent[, except that for the period Jxwsry 1,

HB1108 HD1 LRB 07-1928.d0~ 2 0

1108

H.B. NO.

t - n g i b l e p c r s o n z l p r o p e r t y u s e d 12 2 t r s d e C r bu-ss t h z t 1s

!?urehf=ed 12 - = = t y In Khlch t h e c o u n t y g e n e r z l exclsc zad

t&~

t h e ; p p l i c z b l c r-te s h z l l b e f c u r 2nd one h z l f p e r c e ~ & ] . For

taxpayers with fiscal taxable years, the applicable rate shall

be the rate for the calendar year in which the eligible

depreciable tangible personal property used in the trade or

business is placed in service within Hawaii.

In the case of a partnership, S corporation, estate, or

trust, the tax credit allowable is for eligible depreciable

tangible personal property which is placed in service by the

entity. The cost upon which the tax credit is computed shall be

determined at the entity level. Distribution and share of

credit shall be determined by rules.

In the case of eligible depreciable tangible personal

property for which a credit for sales or use taxes paid to

another state is allowable under section 238-3(i), the amount of

the tax credit allowed under this section shall not exceed the

amount of use tax[, z n A f o r t h e p c r i s d J z n u z r y 1, 1993, thrcwg-h

r-. v 3nn3 t h n -. b L J I f LVVL.1 u ~ I ~ ~ VL

n t --F t h n n b ; 3 . t * A 1 ~ ~ YbLLLLUL LILbLL-lL

7-t-11 m n n n v - 1 n - 7 - 7 n n -

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO.

use tzx surchzrgc,] actually paid under chapter 238 relating to

such tangible personal property.

If a deduction is taken under section 179 (with respect to

election to expense certain depreciable business assets) of the

Internal Revenue Code of 1954, as amended, no tax credit shall

be allowed for that portion of the cost of property for which

the deduction was taken.

(b) [If the tax credit is zlzimcd by 2. tzxwyer ;t thz

r - t n n F F n r r r 7 - 4 n n n h - 1 q n n V mnnt 7n,4 + L A t q c LULL "I LUUL UllU U l L L l lULL yLJ- b b L L b f LILL LU

f?==pcrty 2s purchzsed county In ; ~ ~ l c ~ the wnzral

cxclse ar,d '~sc t ~ x surchzrge 1s cffcct, t!~bre shall bc

q r l r l n r l t h 717 UUULU L W U l l ~ U L L U L L L ~ L LULL LLUIJLLLC-Y

t ~ r n F t h n t 7 Y 1 Y . 7 uL LLLL LUArU

fl-f The zfG=r',t cf the tzx credit claifftcd under this.

scctlcn multiplied by three;

f2t Ten Per cent of the ice- t;:: lizblllty for tho , .

whlchc%*er 2s grczter. ]

If the capital goods excise tax credit allowed under

subsection (a) exceeds the taxpayer's net income tax liability,

the excess of credit over liability shall be refunded to the

taxpayer; provided that no refunds or payment on account of the

HB1108 HD1 LRB 07-1928.d0~

tax credit allowed by this section shall be made for amounts

less than $1.

All claims for tax credits under this section, including

any amended claims, must be filed on or before the end of the

twelfth month following the close of the taxable year for which

the credits may be claimed. Failure to comply with the

foregoing provision shall constitute a waiver of the right to

claim the credit.

2. By amending subsection (e) to read:

(e) As used in this section, the definition of section 38

property (with respect to investment in depreciable tangible

personal property) as defined by section 48 (a) (1) (A), (a) (1) (B),

(a) (3) , (a) (41, (a) (7), (a) (8), ( a ) (10) (A), (b), (c), (f), (11,

(m), and (s) of the Internal Revenue Code of 1954, as amended as

of December 31, 1984, is operative for the purposes of this

section only.

As used in this section:

"Cost" means (1) the actual invoice price of the tangible

personal property, or (2) the basis from which depreciation is

taken under section 167 (with respect to depreciation) or from

which a deduction may be taken under section 168 (with respect

HB1108 HD1 LRB 07-1928.d0~

1108 H.B. NO.

to accelerated cost recovery system) of the Internal Revenue

Code of 1954, as amended, whichever is less.

"Eligible depreciable tangible personal property" is

section 38 property as defined by the operative provisions of

section 48 and having a depreciable life under section 167 or

for which a deduction may be taken under section 168 of the

federal Internal Revenue Code of 1954, as amended.

"Placed in service" means the earliest of the following

taxable years:

(1) The taxable year in which, under the:

(A) Taxpayer's depreciation practice, the period for

depreciation; or

(B) Accelerated cost recovery system, a claim for

recovery allowances; with respect to such

property begins; or

(2) The taxable year in which the property is placed in a

condition or state of readiness and availability for a

specifically assigned function.

"Purchase" means an acquisition of property.

"Tangible personal property" means tangible personal

property which is placed in service within Hawaii after December

31, 1987, and the purchase or importation of which resulted in a

HB1108 HD1 LRB 07-1928.d0~ 2 1

1108

H .B. NO. H.D.l

transaction which was subject to the imposition and payment of

tax at the rate of four per cent[, except thzt for the pcrisd

dznuzry 1, 1993, through Dzbmdxr 2 1 , 2332, 2nd ~f the c o u W

'Fnerzl cxclsc 2nd use t z x surch;=ge Is In effect the tzx rzte

er ceL,,, n t ] under chapter 237 or 238.

"Tangible personal property" does not include tangible personal

property which is an integral part of a building or structure or

tangible personal property used in a foreign trade zone, as

defined under chapter 212."

SECTION 13. Section 367D-8, Hawaii Revised Statutes, is


"[f l§367D-8[+] Annual report. The department of public

safety and the office of youth services shall submit an annual

report to the legislature no later than twenty days before the

convening of each regular session on the following areas:

program descriptions, type and costs of contracts made, name of

the private agency awarded each contract, and the success of

each contract in meeting program specifications. The report

shall detail the development of the comprehensive continuum of

care to address the gender-responsive needs of Hawaii's female

offenders and female adjudicated youth both in-state and abroad.

The report shall also highlight the existing gaps in the system

HB1108 HD1 LRB 07-1928.d0~ 2 5

1108

H.B. NO.

and include recommendations for resources needed to reach a

seamless continuum of care and other relevant information

concerning the creation of a gender-responsive environment for

female offenders and female adjudicated youth. [ T h c first

t t n r l nn 1-4-n-r t h - n t r _ . r n n t ~ ~ ~ 3 1 . ~ ~ 1 LnFn-rn t h n Ll-lrbU I I V I U L L L I - L I U I I L V V L I I I - 2 UU U U b L V L b L11L

L h F ] "

SECTION 14. Section 412:3-201, Hawaii Revised Statutes, is

amended by amending subsection (b) to read as follows:

"(b) The application shall contain the following

information, unless waived by the commissioner:

(1) The proposed name of the financial institution;

(2) The specific location of its principal office,

branches, agencies, and support facilities, and any

lease agreements for such principal office, branches,

agencies, and support facilities;

(3) Financial statements, employment history, education,

management experience, and other biographical

information for all applicants, organizers, proposed

executive officers, and directors of the financial

institution;

(4) The name and address of each proposed subscriber of

capital stock in the financial institution;

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO.

(5) The proposed capital plan, if capital has not been

fully raised, that shall include:

(A) A description of any stock options, debentures,

and stock warrants offered or proposed to be

offered to any person; and

(B) Any stock option plan;

(6) The proposed capital stock solicitation plan, if

subscriptions for capital stock will be solicited,

that shall include:

(A) Information regarding the solicitation plan by

which the applicant and the proposed financial

institution propose to conduct the solicitation

of subscribers;

(B) Information regarding the classes of shares,

respective quantities of shares for each class,

and the subscription price of each class of

stock;

(C) A specimen subscription contract or purchase

agreement and other related documents to be

executed by subscribers;

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO.

(D) Any underwriting agreement or other agreement for

the purchase or distribution of the capital

stock;

(E) Any escrow agreements or other agreement for the

holding of the purchase proceeds of the capital

stock;

(F) Proposed advertising materials;

(G) If the offer and sale of the capital stock is

subject to the Securities Act of 1933 and

regulations thereunder, a copy of the

registration statement most recently filed with

the federal Securities and Exchange Commission or

any other notices or other filings in lieu of

registration required or permitted by that Act or

regulation and any subsequent amendments thereto;

(H) If the offer and sale of the capital stock is

subject to chapter [+I 485A, a copy of the

registration or qualification statement most

recently filed with the commissioner of

securities and any subsequent amendments thereto;

and

HB1108 HD1 LRB 07-1928.d0~

1108 H .B. NO. H . D 1

(I) If the offer and sale of the capital stock is not

subject to the Securities Act of 1933 or chapter

[*I 485A, whether exempted by law or

regulation or otherwise, a copy of the most

recent version of any prospectus, offering

memorandum, offering circular, or other offering

document proposed to be delivered to prospective

subscribers to the capital stock, and any

subsequent amendments thereto;

(7) The financial institution's proposed policies

concerning loans and concentrations of credit, asset

and liability management, conflicts of interest,

investments, community reinvestment, bank secrecy,

anti-money laundering, and customer identification;

(8) The financial institution's business plan for the

first three years of operations;

(9) Financial projections regarding the financial

institution's profitability for the first three years

of operations;

(10) A market study or letters of support evidencing the

need and advisability of granting authority to

organize a financial institution;

HB1108 HD1 LRB 07-1928.d0~

llllllll llllllllllIlIlIlIlIllllIll1IlIlIllllllIIlIl lIIllllIllIIlllllllIIlllIl lllllMllIlIl W IlIlIlIlIlIllIIlllllI OIIIIIIIII

1108

H .B. NO.

(11) Except for trust companies, evidence that the

financial institution has applied for federal deposit

insurance from the Federal Deposit Insurance

Corporation or other appropriate federal deposit

insurer;

(12) Evidence that the financial institution has applied

for fidelity bonds and other insurance appropriate to

its size and operations, including the types and the

amounts of coverage, and the respective deductible

amounts, from insurance companies licensed in the

United States;

(13) Evidence that the proposed directors and executive

officers of the financial institution have the

financial ability, responsibility, and experience to

engage in the business of a financial institution;

(14) The employment agreements for all proposed executive

officers of the financial institution;

(15) The proposed articles of incorporation and bylaws of

the financial institution;

(16) A description of any existing or proposed service

corporation, affiliate, or subsidiary; and

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO.

(17) Any other information that the commissioner may

require. "



"§412:3-202 Additional requirements for holding company.

An applicant for the organization of a Hawaii financial

institution that will be a subsidiary of a holding company shall

furnish the commissioner with the following additional

information regarding the holding company, unless waived by the

commissioner:

(1) If the holding company is a corporation, a certificate

from the incorporating jurisdiction indicating that

the corporation was properly organized under

applicable corporate law, and that it is otherwise in

good standing;

(2) Its existing and proposed affiliates and subsidiaries,

and the extent and nature of its control over the

operations of the proposed financial institution;

(3) Financial statements, employment history, education,

management experience, and other biographical

information for all of its executive officers and

directors;

HB1108 HD1 LRB 07-1928.d0~

llllilllllillllllY llllllllllillililllillliillllllllulllI1ll1IIllllllllilllulu llllllllllYl Uilillll

1108

H.B. NO.

(4) The name and address of each shareholder or each

proposed subscriber of capital stock;

(5) The proposed capital plan, if capital has not been

fully raised, that shall include:

(A) A description of any stock options, debentures,

and stock warrants offered or proposed to be

offered to any person; and

(B) Any stock option plan;

(6) The proposed capital stock solicitation plan, if

subscriptions for capital stock will be solicited,

that shall include:

(A) Information regarding the solicitation plan by

which the applicant and the proposed holding

company propose to conduct the solicitation of

subscribers;

(B) Information regarding the classes of shares,

respective quantities of shares for each class,

and the subscription price of each class of

stock;

(C) A specimen subscription contract or purchase

agreement and other related documents to be

executed by subscribers;

HR1108 H D 1 LRB 07-1928.d0~

1108

H.B. NO. H.D.l

(D) Any underwriting agreement or other agreement for

the purchase or distribution of the capital

stock;

(E) Any escrow agreements or other agreement for the

holding of the purchase proceeds of the capital

stock;

(F) Proposed advertising materials;

(G) If the offer and sale of the capital stock is

subject to the Securities Act of 1933 and

regulations thereunder, a copy of the

registration statement most recently filed with

the federal Securities and Exchange Commission or

any other notices or other filings in lieu of

registration required or permitted by that Act or

regulation and any subsequent amendments thereto;

(H) If the offer and sale of the capital stock is

subject to chapter [*I 485A, a copy of the

registration or qualification statement most

recently filed with the commissioner of

securities and any subsequent amendments thereto;

and

HB1108 HD1 LRB 07-1928.d0~

llllllllll AllllIIIlIIlIllllIlIlll IIIIIIIY Ill lllIlllllllllllllllllllllllllllllllllllllllllllllllOiIW IIIIIIIII AIIII All

1108

H.B. NO. H.D.l

(I) If the offer and sale of the capital stock is not

subject to the Securities Act of 1933 or chapter

[*I 485A, whether exempted by law or

regulation or otherwise, a copy of the most

recent version of any prospectus, offering

memorandum, offering circular, or other offering

document proposed to be delivered to prospective

subscribers to the capital stock, and any

subsequent amendments thereto;

(7) The articles of incorporation and bylaws of the

holding company;

(8) Evidence that it has or will have the financial

ability, responsibility, and experience to engage in

the business of a financial institution holding

company;

(9) The employment agreements for all executive officers

of the holding company; and

(10) Any other information that the commissioner may

require. "


amended by amending subsection (e) to read as follows:

HB1108 HD1 LRB 07-1928.d0~

IIIIIIIIIIIIIIIIII~IIIIIIIIIIIIIIIIIIIIIII III ~lnil~~lul~~~~ui~l~~l~~ill~~~l~l~l~~~l~uul~~l~~lul~~u~l~u~llill~

1108 H.B. NO. H.D.l

"(e) The applicant and the proposed Hawaii financial

institution shall not solicit subscriptions for the capital

stock of the Hawaii financial institution until the written

decision and order granting the application for preliminary

approval to organize has been issued and the articles of

incorporation have been accepted for filing by the director of

commerce and consumer affairs. The approval shall not

constitute a determination that the applicant has complied with

chapter [4-€?-5] 485A or any other state or federal law."

SECTION 17. Section 417E-1, Hawaii Revised Statutes, is

amended by amending the definition of "broker-dealer" to read as

follows :

""Broker-dealer" means a [ " d e ~ l c r " ] "broker-dealer" as

defined in section [4$5 I.] 485A-102."



"[f-lS706-606.2[+] Special sentencing considerations for

arson; other actions not prohibited. - (1) In addition to any

other penalty imposed, a person convicted of arson involving

fire set to brush, grass, vegetation on the land resulting in

damage to [ 1 0 , 0 8 3 ] ten thousand square feet of property, may be

required to:

HB1108 HD1 LRB 07-1928.d0~

(a) Pay any costs associated with extinguishing the fire;

and

(b) Perform community service work in the region in which

the property damage occurred.

With regard to any [+]fine[+] or monetary penalty that may be

imposed on a minor convicted or adjudicated for an offense of

arson, the parents or legal guardians of the minor shall be

liable for the percentage of costs associated with extinguishing

the fire based upon the apportionment of fire damage to real or

personal property caused by the minor as a result of committing

the offense of arson, regardless of whether the property is

publicly or privately owned.

(2) Nothing in this section shall prohibit a separate -

criminal action being brought by the State or a civil action

being brought by the State or a third party for conduct that

constitutes an offense of arson."


amended by amending subsection (1) to read as follows:

"(1) A person commits the offense of assault in the second

degree if:

(a) The person intentionally or knowingly causes

substantial bodily injury to another;

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO. H.D.l

(b) The person recklessly causes serious or substantial

bodily injury to another person;

(c) The person intentionally or knowingly causes bodily

injury to a correctional worker, as defined in section

710-1031(2), who is engaged in the performance of duty

or who is within a correctional facility;

(d) The person intentionally or knowingly causes bodily

injury to another person with a dangerous instrument;

(e) The person intentionally or knowingly causes bodily

injury to an educational worker who is engaged in the

performance of duty or who is within an educational

facility. For the purposes of this paragraph,

"educational worker" means: any administrator,

specialist, counselor, teacher, or employee of the

department of education [+]or[+] an employee of a

charter school; a person who is a volunteer in a

school program, activity, or function that is

established, sanctioned, or approved by the department

of education; or a person hired by the department of

education on a contractual basis and engaged in

carrying out an educational function."

HB1108 HD1 LRB 07-1928.d0~

1108

H.B. NO.

SECTION 20. S e c t i o n 27-42, H a w a i i R e v i s e d S t a t u t e s , i s

r e p e a l e d .

[ 1 1 f i 3 7 - n 3 = x c-=1 f==

\ Thnrn 4 " n n t 7 1: n h n A w: U I lLLL .LO LULCISLIUIILU ItkL

n r l n " A,--.- 7 1 7 Y . T , n n 1 7 n n 7 VL ,J UpbUIuI Ud ly LVuIILI-I

f o r t e c h n o l o g y d e T ; e l ~ n t , t h z t s h a l l revie;; 2nd ma?:>

cecmzacnd2t lons on = a t t c r s r c l ~ t ~ n g t o t h e ~ ~ z r ? : e t l n g 2nd

t F 1 7 - 7 1 n m - t : n n F A T 11:-h t n m h , a

I V L l l U V V U L L U U U I V b U L L V l l L V L I l - L Y I I \ - L U L L

nrl nF -\t 1 - 7 - t n l n ~ v n n h l- t n r \ m n r UU V L U L I L U d L L I b V U l l UUL 11V lllVLC

t h z n t;;enty f i v e m e r s sppoiz tec? r i o t s u b j e c t t o s e c t i o n 2 5 3 4 ,

a n d s h a l l ~ n c l u d c r ~ p r c ~ c ~ ~ ~ ~ t ~ ~ ~ ~ ,-, r. - t7 . uL L1lL hLgh tbbilllVIVY n n F thn 7

n t - 7 , h 7 7 - 7 n n - n 1 n 7 r l n r - - r l - . l l l n 7 t n r - n n ~ ~ n - r n t 1 n ~ A n r n -n U d L l y , U U U I l l L U d I -LUULLUf b U U L U L V l U f Y V V b L 11,- LLUULLU f U l l

1 n m ; " 1 7 t n r r . I L Y I - U I U L V L U .

/ h \ Thn - 1 1 hn 7 r \ n n , n t n A h v r t h n nn~rnrnnr F n r L L U I I UL U p y V I l L L L U Uy L11L y V V L L l I V L L V L

f o u r y c c r s , . c x c c p t t h ~ t t h e te rms of t h e -gointcd

1 . 7 ? " A n n : - I-y, U U U L U I Y

t h e g o v e r n o r 2 t t h e t i a e o f ~ p p c i n t w n t . The c o u n c i l s h z l l

nn -4-m n r n ALL, S L U L L U .

/ m \ T n 7 n - n ; n t : n m m n - 0 t h n n n T T n r n n r nh-1 1 n n l n n C L / I UpyVII ILLl ly I '-ILL Y U V b L " U L U1lULL . J b L b L C -

wrs==ls ;;h= hzv=: ?:nmlec?ge o f t h e high technology l z d u s t r ~ f th*

HB1108 HD1 LRB 0 7 - 1 9 2 8 . d 0 ~

1108

H.B. NO. H.D- I

cducatlsnzl nzeds of the ~ndustry, or In the m c t l n g and

t : nn nf h: -h tnnhnnl nmTr : nAr,"t%-; nr,

councll shzll scrTge wlthout ccmpcnsztlon But shall be rezmbursed

fnv n v - ' y t m n r , : m n l m A ; n - t- 1 n w n n n n n " n n n n r , " ~ ~ Fn%- t h e L W L LArL U b U f I I I b I U U I l l Y LLU V b I L I \ L - / L I l U b U f I I L b L L I - L Y L W I L l l L

/ A \ V h n nn,,nn: 1 1 - , ~ 1 " : " 4 - t h n - 7 1 ~ A T T T P A - Fnv I U I U U Y I U W L L W I

tzchnology deTxlqmcnt iz dcyelqing and coordinating thc

mr?cetlr,g 2nd prmctlon of the hlgh technology ~n&str;. In

0 , - 7 7 U L I .

%ncludlng grznt mneys.

/ f \

cthlcs and confllct of lntcrcst guldcllnes for ~ t s m e r s .

3nn ,""5. "1


repealed.

["§-231-3.2 X=twr=td t=x ==f-== -t =I?'==

t " 7 1 F 7 - n LILbIIIU UyLbIUI L U L L

n t n r r h ~ n h -11-1 1 Ir\n A n n n n - - 1 n - r n ~ -n t - - r v n ~ ~ n - 7 - n " 7 - I L L & " V Y I I I L I I L ) I I U I I W L Ub Ll lLLUL L I % L . L U L L U I k L L V L I I U L U UL)

FroT;l*d by sectlor, 237 31. The dlrecter of taxatlu;~ m y Fetal3

HB1108 HD1 LRB 07-1928.d0~ 3 3

1108

H .B. NO.

n t ~ n n n n n n - r . ; r t n m n n t t h e nh ~ m - t - n n n n F t h U L I L U l l L L L b 2 _ ) U U L Y L V I L L L L L L l l b V U L Y U L L V I L U V I bIlC

n t n m r - t n A i - 7 - r Y n n t p . 7 " P nn %- n - ILL. u y u rLrfcLmbc 5,

eentract. The cimunts transferred by the dlrectcr of taxatlon

to the integrated tax inferriatien wriagmnt s y s t e ~ ~ special

F, ,nA F n r 7 F; ~ n - 1 TI--r ~ h - 1 1 hn 1 , m , t n A t n thn 7- 8 .

U I L U L V L U L I U L U A Y L U L U l l U l A UL A - L l L L J - I - L U L V L l l L U

appropriated by the Icglslature.

/ h \ n n n n n ~ ~ n 4 n t hn F - l n A oh- 1 1 hn n - - n n * A h 1 7 thn A n n - r t m n n t \'-'I

to pay fcr the integrated tax informtion lLLanzgmcnt syst-

~erfcrmnce based cGntracts autkrlzed by Act 273, Scsslcn Lzw++

8 . cf :!z:i.cill 1 3 9 6 .

n t m n n t 1 ~ - 7 h : t -n - n m ' 7 7 1 w n - n r t t n t h n

1 n m 4 " 1 - t , ~ r n nn 1 - t n r t h - n t r . r n n t . 7 A - T * ~ n - 4 h r t n thn n n n r ; ~ n n ; n m n F ILYAL)IULULL I IV LULLL LLLUIL LVVLIILJ u u y u ~ L I W L L V 1-LLL LVILVLIIAIIY VL

, *

cach regular sesslon, prcvldlng an acco'ant~n? sf the recelpts

cf, 2nd zxpendltures f r m , the fund.

/ A \ ~ h : P ~ ~ ~ i - 4 hn ~ h - 1 1 hn r n n n - 1 n A nn T l - l ~ r 1 3 ~ n ~ ; U I ILL) U b L L L V I I L I I I U A A Ub LbrLUILU U l l U U L Y I f L - W W J . ' I ]


repealed.

[ "*23!. 51 -== x=ter=t T=ix I"=-t. . .

I - \ U,

discr~~lnatory tax shall be i-sed under chapter 235 (rclatin-g , .

t~ i n c m tax), chapter 237 (relatin? to the gencrcil excis3

x , or chcipter 238 (rclciting to the use tax) on elcctror,i-e

r c n n r T n t n r n n t -nchnn I L L V I A I I L b I l l L L U V L L U U .

HB1108 HD1 LRB 07-1928.d0~

IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIII I IIIIIIIIIIIIIIIIIIIIIIIII ~~~~l Ia l~~~I I I~I~u~~~~~

1108

H.B. NO.

/ h \ A n 1 7 - n A ; n t h ; - nnr.t;nn f ) A : n m r ~ m ~ n 7 4 - . . 7- - .

1.2 U U b U 111 L I L I U U L L L I V I I U I I - I L L - C I L L I I I U L U I IU .

* P.r'ly tzx iT?---r'"" t"--S=f7+-R..rc--r-

-r,n t h 7 t . Lbb LIIUL.

SAf Is not generally i v c d 2nd legzll;r

by the Stztc or county sn trznszctions inT:olviag

. , ~ a l l z r property, goods, services, or ~nforxitloa

1 ; n h n A th-rn~qrvh nthn-r m-r\n. A 1 U I I b U b I I L V U Y 1 1 ULIILL U l lU ,

tBf 2s not gcnerzlly i m e d 2nd legally collzetiblz

v 7 t n k.7 n 7 7 m C t 7 t n n r , n , , n t . r n L U L L U y U U b I I V L U L L "L b V U L I L Y V

trznszcticns inuslving slmzlzr prqerty, gocds, , ,

- - % - T I - -n- n r y n F n Y . 1 : nh-4 t k v n ~ , ULL v r bbu , "L L L L L V L 1 1 U I I L U L I I L V U

cther m n s ;

-K3- -es 22 obligation to collect or pz;. the tax

cn z different person or entity thzn In the ezsz

. . cf trznsectlons 1nT;31v~ng ~Iiirll~~ property,

A " n v T 7 : ,nn n, : -4=n,m,t; nn ,,,nm-1: ,hnd uu , ULL v I b b u , V L I I I L V L I L L U L I V l L U u L u l l L p l l U l I L

through other m e a - m - ~

4-w- Estzblishes 2 classlflczti=n of Internet acces=r . .

Purposes of cstzbllshlng 2 hlghcr tax rate to bc

n A ,-.n thnnn -%- A n v - t h 7 n t h n t 7 . 7 r7t LU V l l L l I V U b pL ULLU L l IU l l L l l b LUA LUC-2

. , gezerzlly ap~lled to proT;ldcrs sf 51111112r

HB1108 HD1 LRB 07-1928.d0~

KK)ans; o r

* Any t z x ifftt3esed by t h e S t z t e =;= c=;=nty if:

SA-f The s o l e a b l l l t y t o c # 3

c c l l ~ e t l c n o b l l

fBf p r c T T i d e r o f I n t e r n e t access se rT< icc c= c n l i n c

" n V T 7 7 n n - 7 - A n rl t n h U L L V L b L U I U UL

. , d~t-=,~,lr,lr: t z x c = ; l l c e t l e n

The d i s p l z y o f u r \ m h t e t-el-erls inforrrtatio:,

c r c o n t e n t on t h c o u t o f s t a t e c 3 ~ 3 i f ; ~ t e r

* Th=: p r e c e s s i n g of o r d e r s t h r o u g h t h e s.;t o f

t n v n n v r ~ n v n-f - n r n ~ r ; r l n v n-f U L L L U L L Y L L V L U p L V V I U L L UL

I n \

l l v l - " t V n n 4 ,-, n~nn I I m n 7 n - 7 n 7 7 t v 7 n ~ 7 n t - hn n n n A l ~ n t n r l - 7 7 - v U I L b L L V I l I b L L I L L L U L I U U l lJ LLUIId ' f2bLLVl I L UULLLU U V L L

. . t h e I n t e r n e t o r t h r - g h I n t e r n e t zccess, c w r l s l n g t h e s ~ l c ,

&czsc, l i c e n s e , o f f e r , o r d e l i v e r y o f p r o p e r t y , goods, serTv*ices,

HB1108 HD1 LRB 07-1928.d0~ IZ

llllllllllllllllllllllllllllllllllll llllllllllllllll ll llllllllllllllllll lllllllQlllllllllUmllllllllllllllllllllllll

1108

H.B. NO.

cr ~ n f s r ~ ~ a t l o n , ; ;hether o r n o t f o r c o n s l c k r a t l o n , and ~ n c l u d w

t h e p-rzT;lslon of I n t e r n e t z c c c s s . , ,

I I T ~ ~ ~ ~ ~ ~ ~ I I 177 t h n ~ 7 ~ 4 - A nF n L & L L L L L L L L I L U b V I I L L L I V b I J L I I L I I L J L I U U V L b

, , , 7 r * - t - nnn F-r.7 1 7 4-7 n n - n n l , q A - n m n - 7 ~ - n t 7 n A nnn-7t -n

L I b U L I U L L U L U b I I I L L b U f I l l L I U U I l l y L Y U I I L L U I L U VyLLULIII

v, n n thn ~ n t n r n n t n A ~ 7 n r l A A n n n t rrlr n F L I U b L11b I l l L L l b LLLU V V V L I U Hub i I b L b % L J V L

1 t n 4 n n n t n l T l r n t n n n l / T n t n r n n t I V Y L - l l b I L U l I U I l L - I U U L V l l bVI1LLU.L L L V L V b V I , L I I ~ L L I L L L

P r o t o c o l , o r zr,y prec?ccessor o r S G ~ ~ C ~ p r o t 3 e s l s ts t h a t

n ~ n - t n 7nFnv t nn nF 7 1 1 l r , n U I I I L U L L I l l L V L L I V I I V L U I I 1 L 1 1 1

P 7 A 7 r\ L U U I V .

1 I T n t n r n n t -nnnnnl l m n - n n - n n v ~ r ~ nn n v 1 4 nnnnn t h 7 t nn-hl n n LILLLLIIL L U ~ L L U U ILLLUIIU u u ~ L v ILL VL II~LIAUL LIIU L LIIUUI~ J

u s e r s t o a c c c s s c s ~ t e n t , ~ n f s r w t a t l c n , electronic M I L , sr s t h e r

n n l , 7 A n 7 n m n r . r . t n n-n-v, n t - r T r nnntnnt 7nFnrr I I IbLUUL U L L L U U L V yLVyLIL LUL y b V l l L - b l l L f I l l L U L

1 4 nnnnn- n F F n r n A t n X T - n v n Thn t n r A n n n nnt 4 n n l r 7 A n I I b L l I U L U V L L L L b U L V U U L L U .

n F - n n A T n n n n t - nn n I I L b U L I U I I U U L L V I b L UU ULL I l l bU I 1 1 U L b L - I V I l L-L '2 I.

/ A \ Th4 n n n n t : nn n h - 1 1 nnt ~ n n l - ~ r t n 4 - 7 ~ 7 - L \ 1 n VIA-vn

b e g i n n i n g a f t e r !2ec&er 31, 2GC5. " 1

SECTION 23. S e c t i o n 235-110.4, Hawaii Revised S t a t u t e s , i s

r e p e a l e d .

C l 1 f i 3 ? E - l ' l n nsx =r=2it.

HB1108 H D 1 LRB 0 7 - 1 9 2 8 . d 0 ~ I

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c r e b l t , x h l c h s h a l l b e d&;c t lb le f rom t h e t a x p a y e r ' s n e t Incame

t h : " m h - n t n r F n r t h n t7T771.,l L11LL) b I I U , f L L L L U L L 1 1 b L U A U U I C

fFezr 2-n Khlch t h e c r ed ; t P r w r l ~ c l a l d

V h n - m n r - n t nF t h n r r r n A : t n h - 1 1 hn F n ~ l r nn r "nnt nF

c o n s t r u c t ~ o n o r renoTTat;on c o s t s ~ n c u r r z d d u r ~ n g t h e t a x a b l ~

, * , , 3 . n - r f n r -7-h -77-1 T 6 1 - A hn tn l F7-7 1 7 t ~ r 1 Y L U L L V L bUL1l Y U U L L L L b U L U b - ' - A L L Y J.-ULL r L u v v u L L f u1rC.i 7 n

7 t 7 - n - n - 4 - - F n r U I - L u l l b V U L U L U L

a zo th , r L r e u I t V ? U L J LLuI IL lbU n r, A r r - n - 1 - 7 m n A r ~ n

LI I - I I L U b l i a r \ -C~ L U L L n r t h - n "h -t - F n r t

T n t hn r r - n n nF 7 n--4-nnrnh:n @ t n n n t - t n t r - 7 - t r u ~ w A r u A U L ~ ~ L L r L U L U L L r L L U u ~ r

z s s o c l z t l o n of a p z r t w n t ~ w n e n

+Arne s h a r e m n e r s z s s o c i a t i o n , o r a n y developer of a t i a c sh-

~ r o 7 z c t r t h e t z x credit a l l w a b l e 1s f o r c o n s t r u c t l o ; o r

- t ,nn m e - t n . n m r , r - r \ A h . r t h n n n t 7 t . r F n r t n t 7 - 7 1 1 2 \ 1 n y I n - - V ~ U I - I W I L b V U L U I I l b U L L L U w y L l l L b_r l lLLI-y I V L L L L U d l U U I L Y L U L .

Thn n n n t ~,r\nn r r h ; nh t hn 4-7-r m r n A 4 t : n rr t n A - I - - 1 1 h W l l V V l l I b I L L11b L U A b4-bU-I-1- I L ) b I -bU L I I I U I L w C

d e t e r a i n e b a t t h e e n t i t y lbwl. n: I" L L I U U L I U I I - t , :h , , .~- ;~~

U l l U U I I U I L U I -hTrn n~

c r c d ~ t s h a l l b e determ-mcd p u r s u a n t t o s e c t l o n 235 1 1 8 . 7 ( a ) .

c l e c t l c x t o e - p l s c d e p r e c ~ z b l e b u s l n e s s a s s e t s ) o f t h e I n t e r n a l

8 , , enuc Code, no t a x c r e d i t s h a l l b e a l l w e d f o r t h z t p o r t i o n of

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t h e c o n s t r u c t i o n o r r e n o v ~ t i o n c o s t f o r x h i c h t h e d e d u c t i o n is

t a k e n .

V h n h-r.: n nF n l 7 , v 7 h l n n v , ,

A r t , , Fnv ,Innvnn;-t: I L U U U I U V L L I I Y L U L L y l L L L Y L V L U L y L L L I U L I

A nnn %-nn s c c c l c r z t c u ,-,t L b L o ~ v c r > u y u t c ~ L p l ~ r p w u e s f o r s t z t c Income t z x e s r . " n n

" h - 1 1 hn v n A ~ 7 n - A h -h le 7 n A - 1 7 - U I L U L L U L L L U U L L U U U U I L U l l U L I U I

T n t h n - 1 t n r n ~ t ; z r n t hn t - 7 7 n r n h - 1 t vn-4- t h n nF t h r L L L L U I L L L I I U L L v b f L L ~ L L U L L \-I U ~ ~ U L L L L b U L L l l L L V L b11C

c r e d l t a l l -b l c and c l ~ ~ m c d a s a t z x 2 S l e l n e m ~ t c r , f o r t h ~

t z x a S l c y c z r i n which i t i s p r o p e r l y recognized u n d e r t h e mek-hed

c f zcco';ntlnq 'dsed t o c c

/ h \ T h n n,nA: t 7 1 1 - X - n A n - t h 4 - nnn t ; nn r . h - 1 1 hn n l L L L b U L L U I I U L b L I V I I U l l U I L U b b I U I

, , ~ q z l n s t t h e n L t ~ n ~ c - m c t u A ILubLLI ty f u r t h e t z x z b l e y e a r . n 7 - --., 1 - 7 7 1 7 ,.

I n \ T F t h n t - 7 7 n - n A 4 t 1 7 n A n v th;n n ~ \ m t : n n n . ~ r n n n A ~ t h L , L L L V I L L A L L L U U L A I C

t - - r 1 : 7 h 7 l ~ t ~ r t h n n-~nnnr. n F n v n A : t n . .

L U A I I U U I I I L ~ ~ L L L L L A L L U U W L L L L U L L v v

n h - 1 1 hn v n F l l n A n A t n t h n t - - - r \ 7 ~ r n v . * - \ * ~ T T ; A n A t h - t n3 U I l U l l U L L L L U I I U L U L V L I l L L U A y U y L L , pL V L U L U L L L U L L J

n t nn - n r . n ~ r n t nF t h n t - l r r * r n A , tr. - 1 l n r r n r l h r r r th , n l l L V I A U L b V U l I L V L L11L L U A b L L U I L U U L I V Y V L U U Y L L 1 I d

nnmtnn 1 h - A n FA- 7 -tr. lnnn h7 1 n l 1 1 - 4 c. F A - U L L L I V I l U 1 1 U I . L U L L L I U U L L V I U L L " I L U U t L A U Z I. 1 1 1 1 cIUIlllU L V L

A : A r. n m n 7 n - 1 1 n n 2 t z A C r C u r t LPLUCT tblIu u L b t r o z UhuLL b e f l l e b on o r b e f u r , t h ~

e n d o f t h e t ; : c l f t h month f o l l m l n g t h e c l o s e o f t h e t z x z b l e ycctr

Fnv ryh;nh thn nvn~4. l ; t - 7 7 , hn n l -:fftCrl C - 4 1 7 - v n t A n 1 t h t h V L V V l l I b l L L l l L L L L U I L ILLUY U L b I U I U . U I I U L L L V L I 2 V V I L L L L L L C

F n v - m m n ; n m n-nrr, n, nn n h - 1 1 m n n n t ; t - 7 t h 7 I . T - ; T T ~ V nF t h n v; m h t 4-3 . ,

L V I L y V I I l y J f L V V I U I V L L U l l U I I b V I I . J L L L U L L U Y V U I V L L V L L l l b L L Y l l L L

c l z l a t h e credit.

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m y be n e c e s s ~ r y t o c l . 2 1 ~ ~ 2 c r c d l t under t h l s s e z t l o n . Th2

d i r e c t o r m y z l s s require t h e t s x p s y e r t o f u r n i s h i r , f o r i L L 2 t i o n t o

a s c e r t s l n t h e T; tY . I n F t h " Llle L# ULILl L V L LIL 7 7 - Fnv m - n t I L L U U L u ~ ~ u ~ ~ thLU 7 A n , - - A n m

n n n n n n m n 7 v . l t n nFFnnt-177tn t LL1 I I L L L U U U L Y I-V L L L L L L U U L L I-

cf t h l s s e c t l o n p u r s u s n t t o c h ; ~ t e r 31.

/ n \ T h n 4 - 7 - 7 n v n A 4 t 7 1 1-A - n A - v t h 4 n m n n t ; n n n h - 1 1 1 1? L I 111L LU'> LLLUII- U I I L1 U L L L L U I L U I L U I L )-I>

a s s l l a b l e f o r tunubIL yLuLU ueglrlnLl~g u f t e r DLC - - r - 1 n - 7 - m k 7 n 7 n n v 7 1 0 L L J L r 133ur

2 n d s h s l l nut ,-, b IL LUJ- I-U~UIJ 1 n Fnv t 7 . 7 7 k

L Y L U L U J J L Y J - ~ ~ ~ ~ L ~ L Y ULC-LL 0 ~ r n - v m h n m - n n - n m - F t n v

C 3 e r 31, 2 0 0 5 .

n m - 7 - 1 4 F 7 7 FA- t hn 4 nnw 4 - 7 - 7 n v n A ; t thn t - x r n - ~ ~ n v " Y U U L L L Y L V L L l l L 111L I I-lLL L u n r u Y b L

1 n 7 t h 1 7-nl; n7kl n F n A n - 7 1 n t 7 t n 7 L I U L I L L V V I L 1 1 U I I UypIILUAJLL LLULLUL, L1LUI-L, U

c o u n t y s t 2 t u t e s , r u l e s , 2nd r c g u l s t l o n s .

/ R \ n n ,,"-A : = t h : nn. U U U L U L l l I - I l LU U L L I - I U I I .

r r p n n n t v,,n t: nn ,, -nnnrr7t; nn n n n t ll L#V,lU LL U L L I V l l W I LL l l " V U L I W I I b V U I-

L L n v

J I f 1 Q Q Q F n v n l 7 - m A n n ; m n nnnntv,.nt:nn -nd I A J V f L V L JfLUl lUf ULL1-J-yllf L W L l U I - L U L L L V l l f U l L

e - t i ~ l F E t related t o 2:;; c e n s t r u c t l c n f 2 l t e r ; t l o n s f o r

, a , . , , m d l f ~ c 2 t l o n s t o s q u z l l f l e d h o t e l f z z l l l t y .

W e t i n c m ts;: l i s b l l l t y .,,czns ineew t;x l i z b l l l t y , , I1 , . .

A 7 1 n thnv n v n . 4 7 4 - r . 7 1 1 ~LuuLLU IJy U I I V I - l l L L LLLUI I -U U I L

n r t h ~ n nh-ntnv LL I - ~ ~ L U L l L u r L-LI .

HB1108 H D 1 LRB 0 7 - 1 9 2 8 . d 0 ~

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f f A , , - 1 . F. , , hn tn l F - m 7 , 1 , tTrff hn tn l /hn tn l mnnAn - r ,

'dUULLLLLU llVLLJ- J-UbLLLLY r ~ w LLL, u w LLJ- ~ w l r u w ud

defined in section 48% 1, acd includes a time share fzclllty or , ,

Fro; cct

n 7n0 7 4 - 7 - 7 n.r ~ , n A n v th, r, m h 7 - t n r 7n LL 1 1 1 ~ ~ 1 1 . J U LUA b.L U1IUL.L LI IJ-U L~luyLbL f U l I

+ncludes :

SZt nssociatio= of apartr~cnt m ~ e r s ; or

* Tlfftc shzrc: C+b-+ners zssoaiation- / h \

SECTION 24. Section 235-110.45, Hawaii Revised Statutes,

is repealed.

[ r r r t i z l =- =-=- t ax c red i t . V h n v n r , h - 1 1 kn - 1 l n w A t n n 7 m h

thz mcr, developer, or lessee of res~dcntlzl prqerty,

nrl l - 7 ~ t h - r, m h - n t - v 7 v n - 7 4 t-( - 1 I u ~ L u l u ~ c l u ~

csnstructlon and rmedellng tax credit thzt shall be dd7dctlbl-E)

+his chapter for the taxable year 22 *~ch the crcdlt 1s

r p h n ttfftC'7nt "F

t h : m n n m t : n n k 7 7 t hh

. , n r , h - 1 1 kn l - m - 4 - n 4 - n F - ~ y v nn-~. - A n t n - F t h n L. . J I l U I I Ub I J - i L L - L L L . L u L w U l rLL b L L A 1 - VJ- LLLL

res~dentl~l constructlcn or r-cllng costs lxcurred during the

HB1108 HD1 LRB 07-1928.d0~

1108 H.B. NO. H-D-l

t z x z b l e yczr f o r :;hick t h c c r c d i t i s c l z i m d ; proyidcd t h z t t h z

c o s t s s h z l l no t cxceed $250,000 I n t h e zggregz tc f o r ezch

r n n , A n n t , - l r , n , t . - - A t h - t t - rnnn4-n 7-n ~ n n r - r r n A hnFnrn T,, L L U I U L I I L L U L U I L A L I U I IU C ~ L U L L L b U U C - U U L L I I L L U L L L U u L L U L L U U

2a4s-r

T n t h n - 7 - A nF - n-.-tnnrnh:n @ n - rnnr- t :nn n r r C - t n t r ~ ~ ~ t r L L L L L U U L V L u ~ U L L I I L L L _ ) ~ L I ~ ~ u ~ U L ~ U I U L I U L I ~ L U L U L L I L L U U L ,

cr ~ s s o c l z t l o n of ;pa r t rLent m ~ c r s , t h c t;x c r e d l t z l l w z b l e 13

FA, nnnot r , ,n t<nn n r r U 1 : n m n n - t m : n n , 7 r r n A h,, t h n n n t ; t ~ r FA- I L U L I U L L U L L A U I I V L L L

t h e t z x z b l c yez r . Thz c o s t u p m ~ h i c h t h e t z x c r e d i t i 3

t n A " h - 1 1 hn A n 4 - n ~ ; - - A -,t t h n A n t 4 tT7 lATrnl n: "t Y.: &I-t: A? U L b U U l l U I I U L U L L L L I L L I L I L U U L C l I L L I I C - I L Y I L Y L I . I U C L I U U L I V I

2nd sh;rb of , re n n hn A n t n r 4 A P 7 - t P n n 3 7 K U L uL LLLLILAzeu plurU1uuzt C-V UeLtAVrl L. .,.,

I i n 7 I - \

T F A n A - l r ~ n t : A n r. t ~ l r n m ~ . n A n r onnt;nn 1 7 Q / r . r : t h r nonnn t 4-0 \ L L i U11UL.L " L L L I U L L L , 2 \ " " I L L L L L U Y L L L L

c l c c t l o n t o e x p m s e d c p r c c l z b l e bus ines s z s s e t s ) of t h e I n t e r n 4

Revenue Codc, no t;x c r e d i t s h z l l be zllowed f o r t h z t p o r t i o n of

t h z c o n s t r u c t i o n o r rLcmcdcling c o s t f o r xhich t h e deduc t ion i 3

t e k e n .

Thc b z s i s of e l l g l b l c property f o r d c p r z c i z t l o n o r . .

A n o a c c e l c r z t e u c u U t r L L u T ~ e r y 7 U y r ~ L L I L 1 rT~LYpu~bU f y L UtutL rrlc- L U A ~ J ,.-n " 7 "trim n , nrrnrr h* " -, 7 7 t - 7 7 rr

~n t h ~ 7 l t ~ ~ n - ~ ~ T T A thh t 7 ~ 7 1 1 7 ~ 1 n ~ " h - 1 1 t r n 7 t t h n 7 1 7 n t -F t h n I L i L b C - u r l r a y L l u r r u ~ ~ L L + ~ ~ L1lb U R + C U ~ A C - C - L ~ L

hln 7 n A - 1 7 7 UIL U I J U LIUIKU u u u L U A U U I L ILLLCERC I L L L L L I U I ~ r 1 3

A ? n 7 t 7 7 7 7 h l n 4 nn C n m F n r t h

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c l a l &

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t a : : p v w tb:: l i a b l l l t y , t h e e;:cess o f c r e d i t o v e r I n 4 , .

1 ; 7h-1 1 , t ~ r m 7 - r hn r - v n A q n 7 n - n A : t 7 - 7 4 n n t thn ~ T T T ~ ~ Y ~ A - , , I " 4,"

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b e f i l e d or: ;;r b e f o r e t h e er;d o f t h e t w e l f t h FW&&

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/ A \ \u /

m y be n e c e s s a r y t o c l a l i L L a c z c d l t undc r t h l s s e c t l o r , . Thc

d i r e c t o r m y a l s o r e q z i r c t h e t a x p a y e r t o f u r z i s h i n f c r ~ t i o ~ t a

z s c e r t c l n t h e v a l t y of t h e G - L . a ~ m f o r , r e d l t lLLuUL luzu~r t l r ~ . ~ 1 .. " - A n - A n n

nnt '171 A " n Y UUVrL LULbu ~~~w~~~~ L-U L L L L b L U U ~ b o 7 v . r r tn n F F n n t , 7 7 t n t hn n17vnnpnrr rULruLILLI

c f t h l z s e c t l o n p u r s u a n t t o c h a p t c r 31.

HB1108 H D 1 LRB 0 7 - 1 9 2 8 . d 0 ~

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i n \ T h n t - . - 7 -,,A: t - 1 1- L, L U L h L L L U I L U I I

- L l n F n r t - ~ r - h l n ~ r n - r n L n m y n n y n - - 6 t h ~ nnn U U I L L V L L U d l U W I L Y L U J - U U b Y I I I I ~ J - I ~ Y ULLLL U L L

~ n d shall not bL ur~uIsuusL n 7 - 7 1 -L l n

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1 n . h - 1 1 7 r n - l : n-hl n F n d n r - 1 n t - t n - I I U l l L L V Y I L I I U I I UyyIILUuIL L L U L I U I , ULULL, U

county statlctes, rules, and regulatlcns.

I n \ n" 7 7 n n A < n t h 4 - - - - + 4 f i n - A U U U L U A I L L I L I U U L L L I W I I .

2 J L . V u V f J-VJ- Y-'-UilL-If U L U - ' - Y I l f ~ ~ ~ ~ U L L U ~ L - I w ~ I . f 7 9nnn qnr -1 7n- A-" : mn nnnC1tv17nt: 7nd

U A I

cc;uxpmcr,t thzt ~s pzriLLanently affixed to the bulldlng cr

cnstructlcn altcratlons

, . rrtcd~flcatlons to a res~dcntlal apartxnt uclt or house, 2nd

under thls chapter.

rrh.rnt : nr. . I - - - 7 1 4 -h- 1 7 t - r r l m n - n n 4 - n - , a i - 7 "

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r-duccd by 211 other eredlts allawed under t h ~ s chapter."]

SECTION 25. Section 235-110.92, Hawaii Revised Statutes,

is repealed.

[ Ir!k== =k=-G= ===z=tx ; . . . .

Thnrn " h - 1 1 Ln 7 1 1-A t n n-nh n l - m , L l n , a

A L L L U l l U I I UL U I I

tzxpaycr subject tc the taxes ~ w o s e d by this zhaeer, an ~ n c m

HB1108 HD1 LRB 07-1928.d0~

t a x c r e d i t , ;;hi& s h a l l be d e d u c t i b l e f r o a t h e c l l g l b l ~ 0 a

4 - 7 7 , 1 : 7h- 1 7 4 - 1 7 : F 7 n 7 7 : , , 7 T r h V I n nn t ,nn U Y L L u I L L L LIILCWC bun ~ ~ u u ~ r r ~ y 1 r~ u ~ i y , I h 7 7 th : n

u y L l l I J

c h a p t e r f z r t h e t a x a b l e y c a r IZ w k c h t h e c r c d l t 1s p r q c r l ; .

c l a 1 ~

rllhh 7-nt n F t h n n ~ h A ; t m h - 1 1 hn F h . 7 - T \ ~ V nnnt ,-ILL V L hF t h 6112

, . 7 F - 7 - n r ~ n n n t - m 7 n n > , v v n A I n - 7 7 A . ~ T T t h n - 1 - m q h 1 n t ~ ~ r n ~ L L Y L I L Y L V U I-u - I I I L U L ~ L L U U I I ~ U L U u y G I L L L L I Y L W I L ~ u n y u

d u r i n g t h e ta::ablc y c a r f o r e a c h q ~ a l l f z c d w a t e r s t o r a g z , ,

F 7 - 7 l ~ t . ~ 4 n t hn C 2 t - i - n 7 n A m h - 1 1 n ~ t : n n l > - A n n n n m t ~ . > = t : n n n- , ,

L u y I 1 u U I I U U I I U A I I I W L I l l L I U U b ' L V I I U L L I - L U L L V I

- . -nn77 P n n m t n h n ~ n ~ n A 4 t T.T-," 1 - 4 A - 7 n A n ~ t -+ L L Y U L L LW. ,L . J L L L L I L U L L " " U U C I U A U U l l U L L L h L

c h a p t e r f o r t h e t z x a b l e y e z r .

T n t h e n 7 m n nF 7 - 7 - i - n n r m h : - C nn - 7 t - hn h n t q t n h- i I - ~ L L L U ~ L W L u ~ U L I - L L L A U L ~ L ~ , u LU ~ u ~ ~ v r r , b u b u ~ ~ , V L

t r u s t , t h e t a x c r e d i t a l l m b l c i s f o r q u a l i f y i n 9 c o s t s i a e c r r c d

s n d p a l d by t h e e n t l t y f u r t h e t u n u b , ~ y b u r . The c o U t >U h 7 - 7 7 1 h 7 m

which t h e t a x c r c d l t 1s ccmpwted s h a l l be d e t c r ~ m + r + ~

c n t l t y l c T T e l . n: mtV:h77t:r \n 7 n ~ "hqrn n~ -,--~:t mh-1 1 h L U L L L U U L I W I I U l l U U I I U I L U L L L b U I L U L L U L L UP

d c t e r & d p u r s ~ a n t t o s e c t i z n 235 1 1 0 . 7 ( a ) .

c l c c t l o n t o expense d c p r c c l a b l e business a s s e t s ) s f t h e I n t e r n a l

Revenue Code, no t;x c r c d i t s h a l l b e a l l m d f o r t h a t p c r - t i o n of

t hh nnn"tVr,nt:nn h V ,-An-,: V r(h"t" FhV r l h : nh thh r a n r a 7 7 n t : e n 4 " L I I L L V l l U L I U b L I V I I V L I L y U L L L V U L V L V L Y V I l L L I l I - L l L U L U U L L I V I I I U

&ken.

HB1108 HD1 LRB 07-1928.d0~

1108 H.B. NO. H.D.l

T h n h-0: n nF n l , ,,hl n , ,

nrnnnrt., Fnv m w n n , - t , nn n r r r r ~ uud1.2 UL LIIYIUI~ rLbbLUI-LwLL uL

n n n t V n n n T v n * y y n r r nnnn Fnv r t ~ t n ~ n n t 7 ~r L V U L L L L u V b L y ~ u R F u ' . ' ~ . ~ L W L .JI-ULL I l lL- L ~ f i ~ f

hn r n A , , n n A h x 7 t hn 7m I& UL LLUUbbU U

T n t h n 7 l t n r n - t : ~ ~ n thn t - ~ r ~ \ - \ ~ ~ n r n h - 1 1 t r n - t t hn 7mn l - l n t nF t h I & L l l b UILLLI IULI V b f L l l L LUAyUy L L U l l U I I L L L U L ~ l l b U l L L u U l l L UL LIlC

- n i - - - r 7 h l n .nn F n r t hn t7-,-* U.2 L U A U U I L 111, L V L I-IIb L U L b U

t h n A n F LIIUU W L

t n t 7 , 7 7 I - . l n :nn ~ccountlng cued r to , n U L L L U ' % U U I b I l lL*

T h n n r n A : t - 1 l m n A . 1 7 n A n r th : r rnnt:nn "1771 1 I-.- n l -:& Ib U L b U I L U I I LU U 1 A U L . L I - L A I U . 2 L L L A U A A U L L U I I UL L L U A

t 7 - 7 1 : 7h- 1 7 t . 7 Fnv thn t 7 . i T 7 h l n .,n7r . ,

LUA I I U U I I I L Y L V L L I IL L U A U U I L JLUL .

T F thn 4-7-r n r n A 4 t r , n A n r t h : n n n n t 4 n n n - r n n n A n t h L L L l L L U L h b L L U I L UllUbL I - L I L U U L L L I W I I . b A L L b U U L L l 2

. . cllglble tsxpa-ycr's inL- tax llablllty, the cxcess of thc , ,

. , crcdlts oTv-cr llablllty shall be r e f l ~ ~ ~ c r ;

groT;lded that nc refunds or ~24'Knt on accmnt sf the tax crcdlt

- 1 1 A h., t h : ---t: nn rh-,i i hn . qnr I.,ntr i nr.r. t~~~ a 1 U I I ~ U U y L I I I U U L b L L U l l . 2 I l U I I UL I L L U U L L V L U ~ U I I L L I I L U . 2 L l L U l I Y I .

PJ.1 claixs, including m y W e d elair,s, for 2 tax credit under

this section shzll be filed on or before the end of the t~elfth

w n t h follmlng the close of the taxable years for :;hlch th3

1.7 T . T : t h thn F n r n r r n 4 n credlt r~ay be c l ~ l w d . C7: 1 ,,rn t n n L U L I U L L L W L I y Y V I L I I L L I L L V L L L j W I l l

1 rtnnnt- t,~tr, 7 I T - - T I A ~ nF t h n v , ~ h t t n - 1 7 - m t h n U L I L V I I U L L L U L b U Y V U I V L L UL L l l L L A Y l l L L W U I U I l l 1 L I IL

A: t U I I-.

/ A \ Thn A: r n m t n - ~ . n F i - 7 ~ 1 - 4 - 4 n n r h - 1 1 nrnn-rn ~ n . 7 F n r m r t h - t U /

w y be necessary to el;llL1 a cred~t znder thls sectlor;. T h e

HR1108 H D 1 LRB 07-1928.d0~

1108

H.B. NO. H-D.l

bircctcr x y 2153 rcq~ire the t~xpzycr tc furnish infcrwticn to

. , ~sccrtzln th, n vuLLdLLY - 1 . . t., VL t

L L I U L L L L n - 1 7-8- F-v

LLLULl- 1 1 1 u n v n A 7 t 1

7 7 7 nt -771 n m n n n n m m - 7 7 t - n F n n t r , - t n t h n n . 7 - - ~ r ~ u y rl- ~ ~ ~ ~ ~ ~ u ~ L Y L w ALLLUULb L L L L r u l rm

cf this scetlen pursucnt to chzpter 91.

I n \ V h n n % - n A : t '1 l m n A n n A - - ‘ - t h : " m n n t : nn ""'1 1 "n L, 111L L L L U I C - U I I LU UIIULL I - I l LU U L C I L L V L l U l l U l l UL

* H e r 3:, 2000,

~ n d s h ~ l l F ~ S ~ be UUIL L W L C-UAUUIL Y L U L U b b Y ~ ~ ~ i ~ ~ i ~ y UL ~ L L 9hln FAY. t - - r - , k ln . l n - \ - ~ ~ n m ? n n > n r ~ 7Ft-nv

E 3 e r 31, 2005.

I F \ n" ,,,,A th ; " "nnt;nv I/ L i U UULU L L I L I l L U U b b L I V I .

11p1 4 - 4 "1 n t'.,n-,T,*-ll -n-,n" -9 t-,., U I L Y L U L L C - U A r U Y L L I L L L U I I U U L U X 1

-H=+ Is 2 far=c= or rather; 2nd

-63- Is not clziwd or is not otherwise ellgiblc tc bc . ,

, , clalmd 2s a dcpende~t by another tzxpaycr for :!a-

qiet inccmc t~ lisblllty m a n s net incc---y , . 11 . ,

.. '1 1 "^thnv - - n A - t m 7 1 1 A , , n A n v th : ,-. nh'ntn' y ULL V l - J I L L CIILUILL) U-IL U UIIULL 1-111" L I IUyCLL.

'1 . # f=., y.7-,t,-.,- "tnv n o -9 ~ 7 - 4 - n ~ ~ l t - n v - m n

U L L L I L U V V U L L L U L V L ,I" U V Y U L L L U L V L U Y L

F - n - l ~ t ~ r t h - t 4 c. n - r t n F - n n n r r n - ~ r - , t : n n n l -n 7-m . 4

ULLILI-y C - L I U L L U ~ U L L VL u ~VIIULL VULIULI Y L U ~ ~ upy

4.oczl scil 2nd k:stzr ccnscrT;2tien district.

11A17-, 1 : Fir; nr* n n m t -11 ~ ' n " 7 - 7 7 n n m t : n n r y v r n A 7 -4 U U U ' I - L Y -'-"Y b U U C - " L I ILUL L LU UllU

taxp~yer cfter Dccb4er 31, 2008, fcr the new ccnstruction sf s

. , . , quzlifled iiztcr stcr222 fzclllty cr the rcFslr or rcconstruetlon

HB1108 H D 1 LRB 07-1928.d0~

1llllll1lnll11ll1lnll1llllllll llllllllllllllllllll lllllllllllllllllllllIllIII1Illl1lllll1llllllll1 lllll1lllll1lllll1llll

1108 H.B. NO.

0 , , . c.f zn exlstlng q3z211f;cd ;:2ter storqe fzclllty, ~ncludlng thz

cests sf ne:: e=;';;pcnt rclzted tc the constructlw sr repzlr cf

the new sr existing quzllflcd wzter stsrsge fzclllty, but d m , # . .

cst ~ncludc zmcunts recclT:cd thrwgh grznt cr subsidy f r m m y

F n A n r - l n r n t - . ~ t n m n ~ ~ n r m n L L U L L U I V L .,LULL Y U V L L I L,t . If]


repealed.

[ 'l-65: E x X t = =- 1 7 \ ~ h : P m h - . ~ - t n * ~ h - 1 1 nnt 7 n - 1 x 7 t n t h n m r n - P 4 n m m n* m - n - P U, I-LL ~ 1 1 ~ 1 1 LIVL U ~ ~ L Y L-v LILL YLVU., 1 1 1 ~

~rocecds rccelTJ€d 2 publ~e Inte=nct dzt2 center-

l h \ A m > , m n A :n th: n ~ n m t : n n . L A . , UULU 111 L I I L U U L L L I U I I .

n n o - t n A .lr,c-n h., t ~ 1 : - n ,,,,, ,,,, ,F ,-,,: L I I U U L L U UUL u y L 1 L L L L U I I U U U L UL L Y U L

ms;ntenznce of e q u ~ n t , 2nd rentzl sf spzcc In 2 public

T n t n r n n t A - . 1 t 7 m n n t n - I L L L I I L L- UU LU bL1lLL.L.

n n , > h i ;" ~ ~ t ~ ~ ~ ~ t & - t 7 nnntnpll c7", 1 -.t 7 T r - . ; 1 -h l r, , , L U ~ L A L . L L L L L L ~ ~ L L - UULU L L l L L b L 1 l L L u l l b . J U L u L 1 1 L L U V ULIUUI-L

n n p 7 t n A 7 7 - n 1 1 1 7 t hn n l ~ 7 m A n - 7 ~ - , - - L I IUULLU UUL u y b11L yu

4-w B-eGse dstz scrvcrs;

f2t werat: cn =, t-t;. four hurl seven d 2 ~ =. =ck bzsis;

$3t r=d=;d2nt 23'-s for clcctrl=tyf 2ir , a

. . csndltlsnlng, fire suppresslon, 2nd sczurlty; 2nd

HB1108 H D 1 LRB 07-1928.d0~

1108 H.B. NO. H.D.l

fPf szr-;ic,-s s=ch 2s bandMth1 co loc2tio=r r'-to

&c!;up, ccmtp12~ 'v:& hsstin~, and 2ggrcgation for

appllcztlcn serclcc proT;ldzrs.

17.1 T h < " P A - + ; A,-, -h-1 1 ---IT, + A m r n - " 4 - n ~ r m r n - " L 1 IIU U L ~ I - I V I I U L L U L L U ~ ~ L Y LV YLVUU L I I ~

~r=b-ds rcczlvbd 2ftcr 2 ' 7

2 I 3 n n ~ J I , L . Y Y 4 . 1 1 ]


repealed.

[rr-TLE'I=== =c= =-- 1-

. . ~' ' l -~ - TLE'I-=- EffcctlT;c 1, 20Clr

t i I ? h z d frsx tht: measure of tsxes imposed by

this ch~ptzr 211 of thc value or Gross i n c m dzriTTcd f r m th2

hsincss dzfincd in section 235 7.3 or by 2ny p~rtner, m z r ,

, , cr sharchdder of 2 qual~flzd high tt:ch-y business I= th2

ccrporztlons.

w h ; " nn7.t;-n " k - 1 1 LA r n n- inr ' -- nnn n r 7 1 3 n n ~ L L L L O U L ~ L I W L L U L L U L L ub LL LULL- W l A ULL LL J A l L V u J . I 1 ]


repealed.

HB1108 H D 1 LRB 07-1928.d0~

1108

H.B. NO. H.D-l

[ r r r f i ' ) ? d - l t = v - - t - =

/ 7 \ V h ; " mh-ntnr m h - 1 1 nn t - , n n l ~ r 4 - n t h n U / L L I U I l U L l l l V L U P L Y L-w L l L L

proceeds recclvcd by a ~ubllc Internet A t 2 center.

/ h \ n" ;n t h 4 " c n m t 4 n n - U / LLU U U b U LII L l I I U U L b L I W l l .

h l : -11 U U C - L U U U L U Y L l l L Y U U J - I L FFtCullU U U b WL L Y U L

1.7" 3 7 - n nF nil-77

m~ntenancz of equ~ptczt, azd rental sf space In a public

l -n tnvnnt A 7 t 7 P"n-4-nv * L b L l l b L U U L U LblLC-LI .

l l D , , k l ; m T n t n v n n t A 7 t - mnntn-ll 4 - 7 7 7 7 7 - 7 1 ~h L U U L I b L A I C - L L l l L L - UUC-U L L L L C - L L b y U V U I I U U

Fnr n m m l k l : rn 7 n A An" ;nnnA t n . L W L ,/ y b l l U U L L U U U L U y L l l L L _ I U U L L b UIAU U L Q J - Y I I L U L-V.

f2-f 4:cuse data zcrvers;

* QFerztc: a t;=zty four hcurt seven day =. wee!; basis;

4-3- J:aT;e rcduz=?r=zt s;.ste=s f clc~trlclt4.t air , .

8 , condltlonzng, flrc supprcssloz, azd security; 2nd

fpf Provide ser-;ices such as b=*i=?th, cc locatlonf =?a-

n m 1 n-, ,,,h hnnt;n/r - n A -nn-.-nrr-t; nn Fr\v I b A V V L U l l V U L L l l Y f U l l U U Y Y I b Y U C L U I I J-WJ-

7 7 n " 7 m - - A n - " I b U L I V l l U L I V I b L Y I 3 - L U L L U .

1 - 1 V h : n "nnt:nn n h - 1 1 7 b / I d U L b L L W I I U l L U L L U

2 3 n n i t nnt - f = t n v nnm--- 21 3nnc . r r ] ~ f t c r Zune ,Of L w w L f buC- llwc ULLLI YLbL J I t L w w J

SECTION 29. Act 184, Session Laws of Hawaii 2006, is

amended by amending the prefatory language in section 3 to read

as follows:

HB1108 HD1 LRB 07-1928.d0~

IIIIIIIIIIY IIIIIIIIIIIIIIIII IIIIUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIY IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIY~~

1108 H.B. NO.

"SECTION 3. Section 414-64, Hawaii Revised Statutes, is

amended by amending subsections (b) and [-(&)-I (c) to read as -

follows : 'I

SECTION 30. This Act shall be amended to conform to all

other acts passed by the legislature during this regular session

of 2007, whether enacted before or after the effective date of

this Act, unless the other acts specifically provide otherwise.

SECTION 31. Statutory material to be repealed is bracketed

and stricken. New statutory material is underscored.

SECTION 32. This Act shall take effect upon its approval;

provided that:

(1) Section 10 shall take effect July 1, 2008;

(2) Section 11 shall take effect retroactive to May 19,

2006;

(3) Sections 14, 15, 16, and 17 shall take effect July 1,

2008; and

(4) Section 29 shall take effect retroactive to July 1,

2006.

HB1108 H D 1 LRB 07-1928.doc

H.B. NO. 1108 H.D. 1

Report Title: Revision Bill

Description: Amends or repeals various provisions of the Hawaii Revised Statutes and the Session Laws of Hawaii for the purpose of correcting errors and references, clarifying language, and deleting obsolete or unnecessary provisions

HB1108 H D 1 LRB 07-1928.d0~

state of hawaii no. 1108 h.b. house of representatives 2 · page 2 h.b. no. 1108 section 2. section...

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