STAND. COM. REP. NO.1457

Honolulu, Hawaii

, 2001

RE: H.B. No. 336

S.D. 2

 

 

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 336, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO INDIVIDUAL DEVELOPMENT ACCOUNT CONTRIBUTION TAX CREDIT,"

begs leave to report as follows:

The purpose of this measure is to provide that the individual development account contribution tax credit shall be equal to one hundred percent of the amount contributed.

Your Committee has amended this measure by inserting a defective effective date of December 31, 2030 for purposes of continuing discussion on this measure.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 336, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 336, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

BRIAN T. TANIGUCHI, Chair