Floor Speech on Hotel Construction and Remodeling Tax Credit

Representative Jon Riki Karamatsu
Floor Speech on House Bill 1400, H.D. 1, S.D. 2, C.D. 1
Thursday, May 1, 2003

Mr. Speaker, I rise in support.

The hotel construction and remodeling tax credit in this bill will help stimulate our economy by bringing in new investment and improvements critical to the visitor industry. Specifically, in Waikiki, this bill will help revitalize old and worn hotels and make Waikiki a modern, state of the art location to visit. By upgrading and diversifying our product, construction jobs will be provided and visitors will be given new reasons to visit Hawaii.

Thank you Mr. Speaker.