STAND. COM. REP. NO. 512

Honolulu, Hawaii

, 2005

RE: H.B. No. 1655

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Housing, to which was referred H.B. No. 1655 entitled:

"A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

The purpose of this bill is to increase the number of rental housing for the homeless by:

(1) Establishing an income tax deduction for a landlord who rents a dwelling to the homeless in an amount equal to the annual rental income or the comparable fair market annual rental rate of the dwelling, whichever is less; and

(2) Directing the Housing and Community Development Corporation of Hawaii (HCDCH) to develop a voucher system that allows the homeless to rent dwellings from certain qualifying landlords.

Two individuals testified in support of this bill. The Tax Foundation of Hawaii and HCDCH offered comments, and the Department of Taxation opposed this measure.

As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1655 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Housing,

 

____________________________

MICHAEL P. KAHIKINA, Chair